NIL Paychecks and Tax Traps | Birmingham News

College athletes are getting paid big—sometimes millions—but many don’t know how taxes work. Congresswoman Terri Sewell is stepping in with a new bill to protect them: automatically setting aside part of their NIL earnings for taxes, so they’re not blindsided by huge bills later. One 18-year-old athlete earned $750K but got slapped with a $32K tax bill—just one example of why this proactive plan matters. The goal? Help student-athletes build financial security long after their college careers end. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5270885d9c19cde3