Question regarding NIL and taxes.


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Posted by hotspot on December 29, 2024 at 09:54:33

Obviously NIL is really turned into pay for play. I don't see how most of this isn't.

Professional athletes have to pay state taxes for the state the play for and have to pay a state tax for the state that they play in. Not sure if the tax rates are the same as us, but assume it's close. Obviously there's federal tax on all income. So with this NIL money they say supposedly isn't pay for play, does any of that federal and state tax rule apply to that money?




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