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Tax and money questions professional athletes ask

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Answered so far

1

question for professional athletes

Write offs

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.

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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
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Plans from

$249/mo

If you make $40K - $69K. Flat, no hourly bills.

  • Monthly profit and loss reports
  • Tax set-aside management
  • Expense categorization
  • Real-time financial dashboard
  • Business bank account connections
  • Individual tax return included*
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Flat monthly pricingReal accountantsTaxes filed for you

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Books, estimates, and filing for professional athletes. Flat monthly price.

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