College athletes making money on NIL deals, reminded to pay taxes

University professional athletes generating income on NIL bargains, advised to pay tax obligations

Norfolk State College twin professional athlete(*************************************************************** )from profiting sponsorships that are currently permitted under a brand-new plan altering the economic landscape in amateur sporting activities.

Till last July, student-athletes could not make money if their name, photo or similarity was made use of to market items. Currently, under the brand-new NIL plan presented in summertime2021, they can, and also several are discovering their new-found profits featured duties past mosting likely to exercise and also marketing themselves.

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