NIL Tax Series: What You Should Be Aware Of – Self-Employment Tax (Part 7 of 10)

by A-Ray | Apr 24, 2026 | NIL Tax

I know it sucks when you land a big NIL deal but remember you still have to pay federal and state taxes. And self employment tax.The tax nobody talks about, self-employment tax can significantly impact an athlete’s tax liability. When you earn NIL income, the...

NIL Tax Series: What You Should Be Aware Of – NIL And Business Deductions (Part 6 of 10)

by A-Ray | Apr 23, 2026 | NIL Tax

ATTENTION ATHLETES, the IRS created business deductions to provide tax relief to individuals (and businesses) by allowing them to deduct certain expenses from their taxable income. You’re not dogging the tax man, the IRS wants you to use the deductions.Travel...

NIL Tax Series: What You Should Be Aware Of – State And Local Tax (Part 5 of 10)

by A-Ray | Apr 22, 2026 | NIL Tax

Gotta be honest with athletes, state and local tax (SALT), is complex and can be a serious problem if you’re not paying attention.The state also wants their cut. Most states impose their own state tax. The tax rates vary with 13.3% 11% and 10.9% being the...

NIL Tax Series: What You Should Be Aware Of – To LLC Or To Not LLC, That Is The Question? (Part 4 of 10)

by A-Ray | Apr 21, 2026 | NIL Tax

Having a business structure as a student athlete might not be a bad idea. They offer many advantages, and depending on the structure could be a great tax saving vehicle.The most common entity structure I see are LLCs. BUT, does that mean an LLC always make sense?...

NIL Tax Series: What You Should Be Aware Of – ESTIMATED TAX PAYMENTS (Part 3 of 10)

by A-Ray | Apr 18, 2026 | NIL Tax

You’re a student athlete, making good NIL dollars and you’re only paying taxes in April. I’m afraid you’re doing it wrong. (This doesn’t just apply to student athletes. ALL ATHLETES, self employed people, I’m talking to you!)When you earn NIL income, the government...