When student‑athletes earn money through NIL deals, most of that income is paid out on a 1099, which means it’s treated as self‑employment income. Because of that, athletes are responsible for handling their own federal, state, and self‑employment taxes. This setup makes financial planning essential — tracking expenses, saving for tax season, and understanding potential liabilities all become part of managing NIL opportunities responsibly. | Student-Athlete central | November 26, 2026
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