A prior post seems to indicate that it is not possible to get a
refund of the Missouri tax for non-residents that is withheld on a
taxable win.
I was told in the casino that it was refundable.
Can someone confirm this for a non-resident and procedures or advice.
Thanks.
Gary
It is a state income tax withholding just like any and every other
state tax withholding. Lucky Lucy and I get W-2Gs every year and get
the money refunded (most of it) when we file a Mo state income tax
return. Although we live in the Kansas City area we live on the
Kansas side of the border which also makes us "out of state"
non-residents.
Rick
--- In vpFREE@yahoogroups.com, "kelso1600" <kelso1600@h...> wrote:
A prior post seems to indicate that it is not possible to get a
refund of the Missouri tax for non-residents that is withheld on a
taxable win.I was told in the casino that it was refundable.
Can someone confirm this for a non-resident and procedures or advice.
Thanks.
Gary
Rick & Lucky Lucy wrote:
It is a state income tax withholding just like any and every other
state tax withholding. Lucky Lucy and I get W-2Gs every year and get
the money refunded (most of it) when we file a Mo state income tax
return. Although we live in the Kansas City area we live on the
Kansas side of the border which also makes us "out of state"
non-residents.
Well, I don't know about Missouri, but you should be aware that there is no way for non-residents to get a refund of the funds withheld in Mississippi casinos. Perhaps the difference is that Mississippi "calls it" something other than a tax -- I don't know, but someone else said that is what they do -- but in any event, it amounts to the same thing as far as I'm concerned. There is no way for a player to offset his/her losses.
Cheers.
Bill Velek
We gamble in Mississippi quite a bit; the Gulf Coast is a great place
to get out of the cold Midwest winters. Since we play mostly quarter
VP we have never hit a jackpot over $1200 so don't have first hand
knowledge of their "fee". Talking to other people and casino
personnel, however, we learned they don't call it income tax but
something like "jackpot fee". In any respect it is a rip-off and makes
you think twice about playing higher denomination machines.
In Missouri it is listed as state income tax and so designated on the
W-2G -- just got one last week. 
Rick
Rick & Lucky Lucy wrote:
> It is a state income tax withholding just like any and every other
> state tax withholding. Lucky Lucy and I get W-2Gs every year and get
> the money refunded (most of it) when we file a Mo state income tax
> return. Although we live in the Kansas City area we live on the
> Kansas side of the border which also makes us "out of state"
> non-residents.Well, I don't know about Missouri, but you should be aware that
there is
no way for non-residents to get a refund of the funds withheld in
Mississippi casinos. Perhaps the difference is that Mississippi "calls
it" something other than a tax -- I don't know, but someone else said
that is what they do -- but in any event, it amounts to the same thing
as far as I'm concerned. There is no way for a player to offset
his/her
Rick & Lucky Lucy wrote:
> It is a state income tax withholding just like any and every other
> state tax withholding. Lucky Lucy and I get W-2Gs every year and get
> the money refunded (most of it) when we file a Mo state income tax
> return. Although we live in the Kansas City area we live on the
> Kansas side of the border which also makes us "out of state"
> non-residents.
This is true, it is a witholding tax and is fully/partially refunded
if you file a MO state tax return.... extra hassle but may be worth it
depending on each persons situation
Well, I don't know about Missouri, but you should be aware that
there is
no way for non-residents to get a refund of the funds withheld in
Mississippi casinos. Perhaps the difference is that Mississippi "calls
it" something other than a tax -- I don't know, but someone else said
that is what they do -- but in any event, it amounts to the same thing
as far as I'm concerned. There is no way for a player to offset
his/her
losses.
I believe in Mississippi it is a 'jackpot fee' of 3% totally a non
recoverable cost, the state just takes 3% of any taxable win and you
lose, and I believe they dont allow games over 100% so it makes it
almost impossible to have a decent game at the $1 level or above,
unless the casino had some great cash back and/or promotion.
Jim
--- In vpFREE@yahoogroups.com, Bill Velek <billvelek@a...> wrote:
I use Turbo-Tax every year. It does all this automatically in a few minutes time. The only downside is the cost of purchasing an extra "state download" (or whatever it's called). It's definitely worth doing.
carlos
jimnkelli <jbecker11@charter.net> wrote:
This is true, it is a witholding tax and is fully/partially refunded
if you file a MO state tax return.... extra hassle but may be worth it
depending on each persons situation
[Non-text portions of this message have been removed]
--- In vpFREE@yahoogroups.com, "jimnkelli" <jbecker11@c...> wrote:
I believe in Mississippi it is a 'jackpot fee' of 3% totally a non
recoverable cost, the state just takes 3% of any taxable win and you
lose, and I believe they dont allow games over 100% so it makes it
almost impossible to have a decent game at the $1 level or above,
unless the casino had some great cash back and/or promotion.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Mississippi does indeed call the 3% withholding amount on W2-G
eligible jackpots an "Income" tax on gambling winnings. It's just
that is in not refundable. It is, according to Mississippi, a "non-
refundable income tax"!!! Here is the exact wording from the MS
income tax instructions...
*****State income taxes are not deductible on your itemized deductions
schedule. This also includes the non-refundable income tax withheld
on gaming winnings.*****
Most $1 and up VP requires great cash back or promotion (or a juicy
progressive) to be worthwhile, no matter what the location. Plus,
the MS gaming commission has allowed the casinos some leniency with
the 100% rule if a game is part of a multi-game machine where the
average of all of the games on the menu is below 100%.
EE
What an idea! I guess the state has included a tip for the state.
Let's see?? You pay state & federal tax on the $ when you make it.
Then you pay sales tax & license on the car that gets you to casino.
Car runs to casino on taxed gas. If your not comped there's probably
hotel, resort promo, sales or any number of made up taxes the state
can imagine. After 50% of your dough is taken for taxes, the icing on
the cake for gamblers --- things start to look up, you get a jackpot
and the state takes a 3% slice. Now I'm depressed. Time to go to
local bar. I can sit back and relax with a drink and a smoke. Wait...
State and feds tax the booze and cigs. The cigs and drinks are
delivered in a truck run by taxed fuel. The truck
is ..... ..... ...... ......
Have a nice day....Jeep
.
.
.
--- In vpFREE@yahoogroups.com, "jimnkelli" <jbecker11@c...> wrote:
>
> I believe in Mississippi it is a 'jackpot fee' of 3% totally a non
> recoverable cost, the state just takes 3% of any taxable win and
you
> lose, and I believe they dont allow games over 100% so it makes
it
> almost impossible to have a decent game at the $1 level or above,
> unless the casino had some great cash back and/or promotion.
>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Mississippi does indeed call the 3% withholding amount on W2-G
eligible jackpots an "Income" tax on gambling winnings. It's just
that is in not refundable. It is, according to Mississippi, a "non-
refundable income tax"!!! Here is the exact wording from the MS
income tax instructions...*****State income taxes are not deductible on your itemized
deductions
--- In vpFREE@yahoogroups.com, "eecounter" <eecounter@h...> wrote:
schedule. This also includes the non-refundable income tax withheld
on gaming winnings.*****Most $1 and up VP requires great cash back or promotion (or a juicy
progressive) to be worthwhile, no matter what the location. Plus,
the MS gaming commission has allowed the casinos some leniency with
the 100% rule if a game is part of a multi-game machine where the
average of all of the games on the menu is below 100%.EE