Olympic medals

Sports and Tax

Yes, Olympic Wins Are Taxable (And Should Stay That Way)
ByKelly Phillips Erb February 11, 2014July 24, 2020

As our athletes medal in Sochi, the chatter has again started about whether those medals – and the associated bonuses – should be exempt from federal income tax. Is it appropriate? Or necessary? I say no to both. And here’s why.

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Sports and Tax | Tax policy

U.S. Olympic Medalists Won’t May Not Pay Tax On Winnings, Exempt Or Not
ByKelly Phillips Erb August 10, 2012June 24, 2020

I’ll confess: I’m still on an Olympic tear at my house. My family and I have watched the end of the USA/Japan women’s soccer match three times. Yes, three. I’m not proud. We just really love soccer. And the Olympics. But as we watched the medal ceremony, I was reminded of all of the hubbub…

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