2024 Influencer x TurboTax Webinar
Source: Spotify Watch this webinar featuring NIL administrators and an Enrolled Agent & TurboTax Expert discussing the tax complexities faced by student-athletes involved in NIL activities. This discussion will address common tax-related questions you receive from your student-athletes and highlight TurboTax’s resources to educate you and simplify the tax filing process.
Tax Tips for NIL Athletes
Source: TurboTax College athletes with NIL contracts face unique challenges, especially when sports seasons coincide with tax season. In this insightful video, we delve into the critical aspects athletes should consider to avoid future headaches. January to April is a crucial time, and worrying about tax returns shouldn’t add to the pressure. Discover the pros […]
Summarizing a 1099 form
Source: TurboTax A form 1099 may be issued to you, meaning that no tax has been deducted and therefore you may need to pay the taxes. After this video, you’ll be able to prepare for the receipt of a 1099.
Can I deduct my lunch as an NIL athlete?
Source: TurboTax 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 […]
Analyzing tax deductions
Source: TurboTax Sometimes, you may owe less tax than you think. After this video, you’ll be able to correctly incorporate tax deductions like the standard deduction and tax credits as options to reduce taxes owed.
Taxes 101 with Courtney Altemus
Source: Advance NIL Courtney Altemus dives into the exciting new opportunities for collegiate athletes to be compensated for their NIL. With these new earnings, it’s crucial to understand the responsibilities that come with managing your finances, particularly when it comes to taxes. This provides a quick guide to help you navigate this process and keep […]
Defining credits and deductions
Source: TurboTax Not everyone can or should use the same credits and deductions. After this video, you’ll be able to distinguish the difference between a tax credit and a tax deduction and determine the groups of people who benefit most from each type.
Differentiating for your state
Source: TurboTax Every state has specific rules and regulations when filing state taxes. After this video, you’ll be able to locate reputable sources to learn about your state’s unique requirements.
Calculating payroll taxes
Payroll taxes are deducted from gross wages and paid to federal, state, and even local governments. After this video, you’ll be able to locate gross wages, tax deductions and net wages and discuss how they are different using a mock pay stub.
Calculating tax requirements
Source: TurboTax Each type of tax is calculated differently. After this video, you’ll be able to break down the ways taxes are calculated and collected.