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Gambling Winnings Tax in US

In Malaysia, any lottery or casino winnings will not be taxed. If you win one Million Ringgit Malaysia, you can just keep that money, not having to pay any tax for it. But, in US country, once you win on any lottery or casino game. Then, you will be taxed a 30% withholding tax.

casinotaxrecovery

However, as a non-resident you can claim back the withholding tax. This will depend on which country are you from, you can file to have some or all of the gambling tax refunds to you. Obviously, this service will bring more benefits to those international gamblers across the world.

So, for those who intend to claim the casino tax refunds then they can learn how to do the gambling tax recovery. What they can do is try to record how much have been won and lost each time they play on the casino game. Those evidence like receipts, or records can be present to the IRS in order to claim gambling tax refunds.

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