The Olympic Tax

The 2016 Olympic winners won again! On Friday, October 7, 2016, President Obama signed into law – without ‘official comment’ - a new tax law aimed at benefiting the U.S. Olympic and Paralympic medalists. Essentially, these Olympic medalists will be able to avoid taxes on their medals and winnings. The new tax law or act is officially named the "United States Appreciation for Olympians and Paralympics Act of 2016.” It’s surely worthy of a gold medal.

To all our Olympic winners filing 2016 taxes in the U.S.A., you won again! Congratulations!