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0.000440489824685025 0.000616685754559135 0.00194520306580915 0.00255484098317334 0.00431680028191344 0.0040525063871024 -0.00167386133380317 -0.00378821249229136
Stock impact report

3 Important Tax Considerations Following House Versus NCAA Ruling [Forbes]

H&R Block, Inc. (HRB) 
Last h&r block, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/h
Company Research Source: Forbes
While the deal is nuanced, the key takeaway from this deal is that schools can now begin paying athletes directly. This change represents a significant departure from the NCAA's longstanding tradition of its athletes being student-athletes, hence remaining amateur (and unpaid) during their time in college. Although this coming year will be the first time that college athletes will begin to get paid directly by their schools, athletes receiving millions of dollars has become a mainstay in recent years. This ruling will allow schools to pay a total of $20.5 million in total to their student-athletes in the initial year. While these significant cash flows for the athletes can be very beneficial, they also carry tremendous tax burdens that the athletes may or may not be prepared to accept. In this article, I highlight three important tax considerations that college athletes should consider as we head into a new era of collegiate athletics compensation. 1. All Compensation Is Subject T Show less Read more
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