As an elite professional sports or entertainment figure, anticipation and preparation are key to your performance. They are just as important when it comes to your taxes.
You may be a high earner who generates at least some of your income from non-traditional sources, like endorsements, royalties, NIL deals, and social media, just to name a few. These may create a world of opportunities for you that are not available to most people. They may also introduce a new level of complexity when it comes to taxes.
In our piece, It’s tax time. Get filing tips to keep you on track, we highlight several key tax considerations that are especially relevant to sports and entertainment professionals. Even if you use an experienced tax-preparer, remember that you are responsible for the accuracy of your tax return, and your celebrity doesn’t grant you more leeway when it comes to tax missteps.
If you’d like to explore these ideas further, please contact your Merrill advisor.
The opinions expressed are as of 5/28/2026 and are subject to change.
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This information should not be construed as investment advice and is subject to change. It is provided for informational purposes only and is not intended to be either a specific offer by Bank of America, Merrill or any affiliate to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available.
The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).
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