Re: [vpFREE] Ohio gambling tax considerations

<<I won a jackpot , I live in New York State and they
informed me that they had to take out 6%>>

Which Ohio casino was this?

I am still needing more Ohio information from people with personal experiences there. Please specify which casino you visited since each of the 4 cities have their own city tax rate and specific rules.

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Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
You can read my blog at
http://jscott.lvablog.com/

-----Original Message-----
From: Queen of Comps

Now that all 4 Ohio casinos are open, I will be updating the information in my tax book. I need some input from players with personal experiences in those casinos since I am not finding complete information online. Here is some of the information I have gathered, but would appreciate any corrections or additional details.

As of January 1, 2013, Ohio residents got a new state tax break they did not have previously, deducting gambling losses from gambling wins like the federal allows.

I believe the following CITY tax rates are correct but would appreciate any additional information:

Columbus: 2.5% applies to both city residents (both for winnings inside and outside of the city, i.e., in Las Vegas) and to non-residents who hit a W-2G jackpot in the Columbus casino. A quirk here is that this city tax goes contrary to the new state tax break and does not allow deduction of losses for residents or non-residents unless they are professional gamblers. http://www.taxandcontroversy.com/2013/01/gambling-income-in-the-city-of-columbus-ohio-is-now-taxable.html

Cleveland: 2% only on residents

Cincinnati: 2.1% on residents and non-residents

Toledo: 2.25% with a $2500 exemption that is claimed by filing a Toledo City tax return

I believe Ohio does NOT take out STATE taxes at the time you are paid a W-2G jackpot, correct? However, do all or some of the above 4 cities take out the CITY tax at that time? I think I read that Toledo and Columbus withhold city taxes but not sure about the other two.

TIA for any input!



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