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Category: Taxes
Tax implications for NCAA athletes using NIL
Published at Yahoo Money Now that college athletes can earn money off their name, image and likeness (NIL) after the NCAA adopted new rules in June 2021, they may find a costly surprise from Uncle Sam. Money made off of social media accounts and perks like free Read More …
Influencers and gamers: The tax man cometh
Published at Yahoo Money Hello, gamers and social media influencers, the tax man is coming for your earnings. Donations, tips, subscriptions, partnerships, and merchandise revenue you made last year are all taxable income. And if it’s your minor son or daughter racking in the gains, Read More …