Αποτελέσματα Αναζήτησης
30 Μαΐ 2024 · Key Takeaways. Money earned from NIL deals is taxable income and should be reported on tax returns. Athletes need to understand their tax obligations and accurately report all...
1 ημέρα πριν · The data begins in 2021, when athletes began profiting through NIL deals, and runs through around the time the 2023-24 school year ended — with the exception of Kansas’s records, which stop in ...
13 Ιουν 2024 · College athletes have been able to pay their college expenses through scholarships, grants, financial aid, and even part-time jobs. However, prior to July 1, 2021 under NCAA rules, college athletes were not allowed to engage in NIL (Name, Image, and Likeness) activities without impacting their NCAA eligibility.
6 Οκτ 2022 · More than a year after the Supreme Court ruled that student-athletes can be compensated for the use of their name, image, or likeness (NIL), new bipartisan legislation would eliminate a tax incentive for contributions to tax-exempt affiliates of colleges and universities.
6 Μαρ 2024 · NIL deals for top-dollar athletes have the potential to gross over $1 million. As a result, that athlete would then enter the top federally-rated tax bracket, being taxed at 37% for single-filers...
9 Ιουλ 2021 · College athletes, unfamiliar with paying taxes, will be obligated to participate in a tax process that can frustrate old and young alike. Now that NIL is here, some schools plan to educate their athletes on basic tax, finance and budgeting issues.
1 Αυγ 2024 · Student-athletes who agree to disclose their NIL deals equal to or greater than $600 in value — in alignment with IRS reporting requirements — to their school are eligible to receive that additional support.
