Your Guide to US Gambling Tax Refunds
Did you hit the jackpot in Las Vegas or win big on an American game show? Amid the excitement, you might have noticed that the U.S. government took a significant cut — up to 30% — of your winnings. The great news is that as a Canadian resident, you can likely get a large portion of that money back. Many Canadian winners aren’t aware they can recover these taxes, which means thousands of dollars are left unclaimed every year. Understanding the process for a casino tax refund can help you get back what’s rightfully yours. Whether your win came from slot machines, poker, or even a game show, a specialized tax accountant can make the refund process simple. Understanding US Gambling Taxes for Canadians When you win money at a U.S. casino or gaming establishment, federal taxes are automatically withheld. For non-U.S. residents, this withholding rate can be as high as 30%. While the U.S. tax refund system treats all gambling winnings as taxable income, the U.S.-Canada t...