Answers/Pros
Tax and money questions professional athletes ask
Straight answers with the forms, thresholds, and deadlines that actually apply. Every page starts with the short answer and ends with what to do about it.
See how Amadae handles all of this for professional athletes
Answered so far
3
questions for professional athletes
Write offs
Is Supplements Tax Deductible For Professional Athletes?
No, in most cases. The IRS treats vitamins, protein powder, and supplements as personal health expenses even for pro athletes, denying them as a Schedule C business deduction. The only path is Schedule A itemized medical expenses, and only the amount exceeding 7.5% of adjusted gross income counts.
How Much Of A Sponsorship Is Tax-Deductible?
None of a sponsorship payment itself is tax-deductible to the athlete receiving it, because it's fully taxable income. What's deductible is 100% of the ordinary and necessary expenses you incur to earn and fulfill that sponsorship, such as travel, required gear, agent fees, and content production costs.
What you get with Amadae
One flat monthly price. Real accountants who know how professional athletes get paid.
- Signing bonuses, endorsements, and prize money categorized as they land
- Agent fees, training, and travel tracked as write-offs monthly
- Quarterly estimates calculated and set aside before each deadline
- Your return filed by a real accountant, S-corp math included
Free 30-minute review. Cancel any time.
Plans from
$249/mo
If you make $40K - $69K. Flat, no hourly bills.
- Monthly profit and loss reports
Stop Googling athlete taxes one question at a time.
Books, estimates, and filing for professional athletes. Flat monthly price.