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Are You Ready for Some Football Tax Tips?


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The biggest game of the year is almost here! Just as the new tax season is beginning to ramp up, football players are also kicking into high gear as their teams compete for a chance to win the most important showdown of the season. Some moments are too big to miss; if you did not catch the QR Code featured in the TurboTax Super Bowl File $1,000,000 sweepstakes during our Super Bowl LVIII commercials, you are in the right place. 

In celebration of the big game and the beginning of tax season, we’ve compiled some fun facts and useful tax tips for football players and fans alike.

Filing as an Athlete

Even professional athletes are regular taxpayers like us! Those who live in states that don’t impose income taxes (such as Florida, Nevada, Texas, and Washington) don’t have their income taxed at the state level. However, they may be taxed on any income earned while playing an away game in an applicable state.

Filing as a Fan

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You don’t have to be an athlete to receive deductions related to the big gameor other sporting events! If you’re throwing a party for your workplace or are lucky enough to travel to the game this year, here’s what you need to know in terms of tax implications and potential deductions.

If you’re an employer who is throwing a party for the benefit of your employees, you can fully deduct the cost of the party, any meals and entertainment provided. Under tax reform, there are some changes to entertainment expenses for business associates. Expenses for entertaining clients, prospects, or business associates will no longer be tax deductible under the new tax reform law. Examples of non-deductible entertainment expenses are events like sports games, shows, and concerts.

If you take your business associates to the big game this year, you can still deduct their meals at 50% as long as the costs of the meals are separate from the costs of the tickets or any other entertainment event you attend during the match. If you’re throwing a watch party for friends rather than employees, unfortunately, the expenses you incur will not be tax deductible. However, you can still save money on your football-related festivities by buying food in bulk, preparing your own meals and making some DIY decorations.

Attending the Big Game

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Whether you’re in-state or out-of-state and planning to go to the game this year, consider the tax implications and deductions when participating in sports-related bets on champions or accepting sponsored giveaways.

At tax-time, TurboTax will ask you simple questions about you and give you the tax deductions and credits you’re eligible for based on your entries. No matter what moves you made last year, TurboTax will make them count on your taxes. Whether you want to do your taxes yourself or have a TurboTax expert file for you, we’ll make sure you get every dollar you deserve and your biggest possible refund – guaranteed.

TurboTaxBlogTeam
TurboTaxBlogTeam



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Romulo is a renowned American entrepreneur who resides in the United States, recognized for his entrepreneurial vision and inspirational leadership. Born into a humble family, Romulo demonstrated an uncommon determination and a natural talent for business from an early age. After completing his studies in business administration, Romulo ventured to the United States, where he immersed himself in the business world, founding his first company at the age of 25. His bold vision and ability to identify market opportunities quickly led him to success on American Throughout his career, Romulo has played key roles in various industries, from technology to finance, always striving to innovate and create value for his clients and investors. His customer-centric approach and dedication to operational excellence have made his companies industry benchmarks, contributing to his recognition both in the United States and interna In addition to his business achievements, Romulo is known for his commitment to corporate social responsibility. He is a passionate advocate for education and community development, dedicating time and resources to support initiatives that promote equal access to education and gr Currently, Romulo leads a diversified conglomerate with a global presence and a significant impact in the markets where he operates. His long-term vision and ability to adapt to the nuances of the American market make him a respected and admired leader among his peers and competitors in the Unit Outside the office, Romulo is an avid reader and nature lover. He believes in the importance of finding a balance between work and personal life, constantly seeking new ways to challenge himself and grow, both profession With a career marked by extraordinary achievements and an unwavering commitment to sustainable success, Romulo continues to be a prominent figure in the international business landscape and a source of in

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