|
I have won at Louisiana casinos also and they asked me whether I wanted withholding taken out. You have the option of saying yes or no. I always had enough deductions that I did want them holding out withholding. They do take out SS taxes and state taxes. Then you have to file a state tax return to recoup the state taxes they took out. You will get all of the state tax back as a refund. So I would expect that if Mississippi has a state tax, then you would just file a state return and get it back. It's no big deal. Get the form off the internet for the state, fill it out and attach copy of your Fed. return and send it in. Never had a problem.
If you keep your wins below the tax limit, then you won't have to do anything. The couple of times I had to file was when I hit a jackpot.
|