Everything college athletes (and their parents) need to know about NIL income, scholarships, and staying square with the IRS. For most of history, "college athlete taxes" was a short conversation: scholarships covered tuition and room and board, there was no paycheck, and there wasn't much to report. That changed in 2021, when name, image, and likeness (NIL) deals became legal for college athletes. Now a student-athlete might be filing a tax return that looks less like a clas

In recent years, the landscape of college athletics has transformed dramatically with the introduction of Name, Image, and Likeness (NIL) agreements. Athletes can now monetize their personal brand, leading to significant financial opportunities. However, navigating this new terrain requires more than just signing contracts; it demands a solid understanding of financial strategies to maximize earnings. This blog post will explore essential financial strategies that athletes ca