The financial spotlight is on multimillionaire professional athletes with the kickoff of the 100th National Football League season. But it’s the lower-paid, behind-the-scenes staffers who may face more of a personal tax headache.
NFL players and much of the staff who travel across state borders have to pay a “jock tax"—which allows the other states to take a small bite out of their salaries—in addition to federal and state income taxes.
“This is a significant burden that many overlook,” Sean Packard, tax director at Octagon Financial Services in Virginia, said. “And it’s not just millionaires facing the tax.”
Packard said ...
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