If I receive alot of my taxes from U.S Olympic and Paralympic committee will I pay less?

dederickhannah-g · ‎January 29, 2023

xmasbaby0 · ‎January 29, 2023

Why do you think you would pay less? Is your income on a W-2 or is it on a 1099NEC?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

dederickhannah-g · ‎January 29, 2023

Mine is W2 Tax

xmasbaby0 · ‎January 29, 2023

Okay---you have a W-2. Enter it into the tax software. Still not sure why you think your tax will be less. Your tax due/refund will be based on your tax liability and the amount you had withheld.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

ee-ea · ‎January 29, 2023

Prize money as a medalist can be excluded.

https://www.congress.gov/bill/114th-congress/house-bill/5946/text/pl?overview=closed

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If I receive alot of my taxes from U.S Olympic and Paralympic committee will I pay less?