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.

This bill changes federal tax law so that the value of Olympic and Paralympic medals, and prize money paid by the United States Olympic Committee for competing in those Games, is not counted as taxable income. Current law allows this exclusion only for athletes below a certain income level; the bill removes that income limit. The change would apply to prizes and awards received after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Michelle Fischbach Republican sponsor
• 5 cosponsors