With professional athletes facing overall tax rates in excess of 40%, appropriately utilizing all available Internal Revenue Service (IRS) tax deductions is a necessity. Professional athletes face unique costs due to their profession. Fees for agents, trainers, advisors, and union dues are all tax-deductible, as well as many other expenditures that are often overlooked. The […]

College professor and renowned personal finance expert, Dr. John Karaffa, recently spoke with participants of this year’s NFL combine training program at Tom Shaw Performance Enhancement in Orlando, Florida. Dr. Karaffa shared his experiences as a former professional athlete, tax accountant, and advisor to professional athletes with the audience that included over 20 professional football prospects. The 45-minute session […]