Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?
Imagine spending years training to be the best at a sport. You sacrifice time with family and friends to be the greatest in the world. Then the Olympics come around and you win a gold medal. Finally, after devoting years of time and effort to be the best, you have a medal that represents all your hard work. That medal is likely invaluable to you. But what about the IRS? Are they going to force you to pay tax on the medal?
- SEE MORE This Olympian Tackles the Wealth Gap
The answer used to
