Collegiate Athletes – Module 12 – NIL Taxation

This lesson aims to provide a general guidance on NIL taxation for collegiate athletes in the United States. By delving into the nuances of taxable income, deductions, credits, and tax planning strategies, we want to equip athletes with the basic knowledge needed to navigate their tax obligations effectively. Whether athletes are high-profile athletes with significant endorsement deals or mid-level athletes, earning modest NIL income, understanding these tax principles is crucial for their financial success and compliance. The module is divided into five separate sessions with each session addressing a key area of the module’s theme.

Topic: Financial & Life Skills Program
Module: 12

Ages 18 to 22

LESSON PROGRAM & COMPONENTS

SESSION 1: Understanding NIL income
SESSION 2: Basics of U.S. taxation
SESSION 3: Tax obligations of Collegiate athletes
SESSION 4: Deductions, credits & tax planning strategies
SESSION 5: Potential pitfalls and the future of NIL taxation

LESSON DETAILS

Understanding NIL income

Basics of U.S. taxation

Tax obligations of Collegiate athletes

Deductions, credits & tax planning strategies

Potential pitfalls and the future of NIL taxation

The Sports Financial Literacy Academy
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