To amend the Internal Revenue Code of 1986 to remove the income limitation on the exclusion from gross income of any medal or prize money won in competition in the Olympic Games or Paralympic Games.

Michelle Fischbach

Republican · MN · Representative

Source: Congress.gov · FEC

• Claudia Tenney (R-NY-24)Original· 2026-02-26
• Jeff Hurd (R-CO-3)Original· 2026-02-26
• Mike Kelly (R-PA-16)Original· 2026-02-26
• Pete Stauber (R-MN-8)Original· 2026-02-26
• Tony Wied (R-WI-8)Original· 2026-02-26

Referred to the House Committee on Ways and Means.

2026-02-26

Source: Congress.gov

Currently, U.S. athletes who win Olympic or Paralympic medals can only exclude prize money from their taxes if they earn below a certain income threshold, meaning higher-earning athletes have to pay taxes on their winnings while lower-earning ones don't. This bill would remove that income limit so all American medal winners could exclude their prize money from taxes regardless of how much they earn. The change would primarily benefit elite athletes competing in the Olympics and Paralympics.

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