Learning Center
We keep you up to date on the latest tax changes and news in the industry.

Video Tips: Are the Olympic Prizes Taxable?

When watching the Paris Olympics this summer, think about the tax aspects of the prize money for winning a medal. Did you know that Olympic athletes' prize money is generally not taxable unless they earn more than $1 million annually? In this video, we'll explore how this exemption works and what it means for the athletes' hard-earned winnings.

Share this article...

Want tax & accounting tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages and agree with the

Our Offices

Our expertise is widespread and we have multiple office locations to make it convenient for you to get help. You can find us at:

Taxes Untangled, Inc

2491 NW 44th Ave
Ocala, FL 34482
Hours: Monday - Thursday 10:00 - 5:00

Taxes Untangled, Inc

5208 SW 91st Dr
Gainesville, FL 32608

Taxes Untangled, Inc Mailing Address

PO Box 773615
Ocala, FL 34477-3615