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.

About David Lee

I'm not a perfect person but i deserve better. I'm not a perfect guy but i wil try my best. Knowing is not enough, you must apply. Willing is not enough, you must do. Ideas For You To Become Financial Freedom
This entry was posted in Gambling, Other and tagged , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *