mross29 wrote:
> I have heard that NJ has a state income tax. I was planning to go to
> Atlantic City for a day later this summer. So if I win $300 on video
> poker in Atlantic City, I would have to file a NJ state income tax
> form?
Stuart Richards replied:
I don't have any idea about the legalities, but I know
that I (a Nevada resident) wouldn't pay any NJ taxes
on a gambling win.
You've got the right idea Stuart. The real lynchpin is that there's
no mandatory withholding on jackpots, as there are in a few other
states. In those states, you must file to receive a refund and in
some cases that can be pretty sticky. You're pretty much free and
clear as a non-NJ resident when it comes to NJ state income tax. (Of
course, at the rate the state legislature is going in order to balance
the budget, that may just be a matter of time. But that's another
story ...)
- Harry