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How To Get Tax Back On US Casino & Gaming Wins

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How to Get Tax Back From U.S. Winnings

You won big in Las Vegas, Atlantic City, Reno, or one of the other gaming destinations in the U.S. Once you win a jackpot, you’re faced with a very unpleasant revelation: you are immediately taxed on your winnings. However, Refund Management Services advises that there is a way to get all or a portion of your taxes back from the IRS.

If you’ve made a trip to the U.S. and your gaming winnings are high enough or you win a prize and take the cash equivalent, the IRS will deduct 30% off of your winnings. In fact, nearly four million gamblers win big in gambling cities across the U.S. and the IRS deducts taxes from all of them. However, as a non-resident of the U.S., there is a way to get your casino winnings back from the U.S.: by hiring Refund Management Services to go through the process of obtaining a casino winning tax refund from the IRS. RMS is the easiest way to get your money back.

When applying for a casino winning tax refund from the U.S., you must provide the following:

  • Once you win a certain amount (usually $1,199.00), the gaming establishment will issue you a W2-G or 1042-S slip, as the amount you win is subject to federal withholding taxes in the U.S.
  • Don’t wait more than three years to claim gaming winnings on a tax return; that said, if you’ve won in the current year, we will be filing a claim at the beginning of the next calendar year. Most of our customers typically contact us within a few days of returning to Canada or their country of origin, so we can begin preparing the paperwork for them to get the refund that is rightfully theirs!
  • Remember that you can also claim taxed gaming winnings on a variety of games, such as lotteries, raffles, and horse races.
  • If you win $1,199.00 or more, you will be taxed 30%. Contact Refund Management Services and we will obtain your taxed gaming winnings by filing a tax return. Take the stress out of the process by letting our trained experts handle it for you!
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