For years, we’ve spent New Year’s Eve at a casino. On occasions, we’ll go down to Turning Stone Casino in Verona, New York or even Las Vegas to ring in the new year. The thought of starting the new year with a clean slate at the slots is very tempting.
If you do win the big one, the IRS requires casinos and other gambling establishments to withhold 30% percent of all gambling winnings on International visitors. This all amounts to a gambling winnings tax.
If you’re not a US citizen, you’re eligible to get some or all of your winnings back. Canadians can offset their gambling losses and casino winnings by filling out IRS tax form 1042-S.
One website can help on gambling tax refunds. It’s called “casinotaxrebate.com”. For a small fee, they can take all of the stress out of getting your winnings back.
So, don’t leave the states without getting your money back and go to “casinotaxrebate.com”. .