MJ Blog

Video Tips: Are the Olympic Prizes Taxable?

When watching the Paris Olympics this summer, think about the tax aspects of the prize money for winning a medal. Did you know that Olympic athletes' prize money is generally not taxable unless they earn more than $1 million annually? In this video, we'll explore how this exemption works and what it means for the athletes' hard-earned winnings.

Share this article...

NEVER MISS A STORY.

Sign up for our newsletters and get our articles delivered right to your inbox.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

Let's Chat

You can count on us for professional, timely, and reliable tax services. If you’re ready to get started, just fill out this form and we’ll be in touch.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages and agree with the
TaxBot Have questions?
Ask TaxBot for simple questions about MJ Tax Relief Group and our services. For in-depth consultation, please reach out at (706) 890-5547.
Please fill out the form and our team will get back to you shortly The form was sent successfully