This shifts legal responsibility from the casino to the player. Now, you don’t have to give your Social Security number, if you have one; any number of U.S. citizens don't and some who do don't have it memorized. But if you don't give it up, the IRS requires that the casino withhold 28% of the winnings for federal income tax. The casino is not required to get your Social Security Number at all. You can refuse to provide it and the casino must still pay you your winnings. But if the casino can't get an SSN, it will withhold 24% (down from 28% as of 1/1/2018) of your winnings for federal income tax. The IRS will match the W-2G to your return based on your name. Because of American Money Laundering laws, casinos (and any other cash heavy business) is required to report all transactions over $5000 to the IRS (regardless of the nationality of the person making the transaction). So if you are making a single cage transaction of over $5K, they will take your SSN (or equivalent) and issue you a copy of the form No - you need to give your SS # so the government can tax the money regardless of the type of game - they tax you at the track too - which arguably involves skill in winning. The only determining... You may have dreamed of a tax-free retirement, but if you live in these 13 states, your Social Security benefits are subject to a state tax. That's on… January 24, 2021 Answer 1 of 16: Do we need to present the Social Security Card to claim the big winning of any Jackpots? Just want to prepare in case I hit the big one. All you need is a passport to cash out, you do not need a social security number. Even if you're a US citizen, you can cash out without a social security number, but the casino is obligated to withhold thirty percent, that you can reclaim anytime you come up with a social security card. (Although that 30% thing may have changed). What your Favorite Answer. You do not need your actual card - just a drivers' license or a passport and the SSN#. And it's only for single jackpots of $1,200 or more on slots or video poker. If you win... You can ask the casino to withhold taxes, though, and usually they’ll comply. 4. By the way, you might not get anything. When the attendant comes over to issue you your check or a hefty wad of cash, the first thing they’ll do is to check the machine. They need to verify that the slots are functioning properly and that your win wasn’t the If you win enough that the withhold, yes, they need your SSN. The minimum taxable earning is $1. IF you mean how much can you win unreported by the casino, $10K and above is reported to the IRS.
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