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@turbotax
If you're a student athlete: you can now earn money from your name, image, and likeness (NIL)! 🎉 But, do you know how to handle the taxes that come with it? 🤔⁠ ⁠ As a student-athlete, you're considered self-employed and must report your NIL income on your tax return. 💸 This includes money from:⁠ ⁠ 🏈 Sponsorships⁠ 📸 Autograph signings⁠ 📺 Appearance fees⁠ 📈 Merchandise sales⁠ ⁠ Don't worry, we've got you covered! 🙌 We're here to help you understand your money and taxes. We'll make sure you're taking advantage of all the deductions and credits you're eligible for. 💰⁠ ⁠ #TurboTax #StudentAthletes #NIL #TaxSeason #TaxTips #FilingTaxes

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