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I have a question about NIL
Posted on 7/7/24 at 10:30 am
Posted on 7/7/24 at 10:30 am
When doners contribute to the program for paying players, do they get tax write offs? It makes sense. Wouldn’t they basically become an asset in the eyes of the IRS?
1
Posted on 7/7/24 at 10:59 am to sooner4life130
Yes, NIL collective are non profit organizations so your donation is eligible to be tax deductible.
Posted on 7/7/24 at 11:45 am to surgicalvenom
Wasn’t there legislation that was trying to stop this?
Posted on 7/7/24 at 12:08 pm to Old Sarge
quote:
Wasn’t there legislation that was trying to stop this?
There probably should be.
You shouldn't get tax breaks for donating to a pro football league.
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