Ever wondered about the deductions available to NIL-contracted athletes? We break down the essentials of what’s considered ordinary and necessary for your athletic business – and yes, it’s pretty much like any other business!
Learn the ins and outs of deducting expenses related to those crucial lunch meetings. Depending on who you meet and what you discuss, that lunch might just become a tax-saving opportunity!
Discover how parts of your cell phone can be deductible. From communication with your contract handler to essential business calls, we’ve got you covered! If you’re hitting the road for business purposes and your contract doesn’t cover the expenses, fear not! Whether it’s gas or mileage, those travel costs can be tax-deductible.
Dive into the world of deducting clothing expenses. While it’s a bit tricky, we’ll guide you through what items could potentially make the cut – specifically those worn exclusively for the job and not for any other purpose!
Join us as we navigate the deductions game for NIL-contracted athletes. Maximize your tax savings and ensure you’re making the most of every eligible expense!
