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Lemonlight Media
November 9, 2016

Olympians get a tax break

Lemonlight Media
November 9, 2016

On October 7, 2016 President Obama signed into law The United States Appreciation for Olympians and Paralympians Act. This law will abolish taxes on prizes or medals won by Olympic athletes if their adjusted gross income does not exceed a million dollars; ($500,000 for single or married filing separate).

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