Ahead In The Count Ep. 117 - Baseball Tax Prep with Allie Powell

Welcome to "Ahead in the Count," presented by BIP Wealth. Our Baseball Division combines their collegiate and professional baseball playing experience with financial acumen to provide expertise in life on and off the field. We aim to give ballplayers and their families a better understanding about their unique lifestyle, the opportunities that come from playing this game, and insight into the complex financial world. This is "Ahead in the Count," hosted by Nolan Alexander, from BIP Wealth.

 

Tax season is here, and for professional baseball players, the stakes couldn't be higher. This timely episode welcomes BIP Wealth tax advisor Allie Powell and baseball division member John Hester to break down everything ball players—and their families—need to know about taxes in 2026.

From the landmark changes in the One Big Beautiful Bill (OBB) to SEP IRA strategies for college athletes earning NIL money, this episode is a must-listen for current and future MLB draft picks, minor leaguers, and their families.

 

•       What the One Big Beautiful Bill (OBB) means for baseball players' taxes

•       The major SALT (State and Local Tax) deduction change from $10,000 to $40,000

•       How to optimize W-2 income vs. 1099 endorsement/NIL income

•       Why a SEP IRA is a game-changer for college athletes with NIL deals

•       Understanding estimated tax payments and the IRS Safe Harbor rule

•       Tax planning strategies for MLB draft signing bonuses

•       The power of donor-advised funds for charitable giving deductions

•       Why compound growth in tax-deferred accounts over 40 years is "incredible"

 

 

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