Tax Summary Link Is Available For 2024 NFC Earnings

[Greg Ambrosius]

Just a reminder to everyone who won prize money in 2024 that we provide a 1099 Tax Summary page for you so that you know how much of your winnings will be reported to the IRS.

To find this information, click on the icon in the upper right corner where your balance now shows.

* Then pull down to View My Transactions
* Then click on Settings in the blue navigational bar
* Then pull down to Tax Situation

There you can find your net winnings for 2024 and every other previous year in the NFC. It also tells you if you have a W9 on file or not and a spot where you can update it if needed.

Remember that we calculate your net winnings for 2024 by adding all of your prize money from all of our NFC/Fanball contests during the calendar year (Jan. 1-Dec. 31, 2024) and subtracting prize money earned during the calendar year. That difference is your net earnings and will be reported to the IRS, if it's more than $600, that is. Any net earnings under $600 does not have to be reported to the IRS.

So if you had $10,000 in winnings and $5,000 in entry fees, we will report a net earnings of $5,000 to the IRS. That total will be taxable. Entry fees for 2025 NFBC or NFFC contests that are paid for by December 31st of this year WILL be included AS 2024 ENTRY FEES PAID, so keep that in mind if you had a good year in 2024 and plan on returning to any of our contests in 2025. It might be beneficial for you to sign up and pay for those 2025 contests by December 31st.

NFBC 2025 contests are already on Registration and we'll add 2025 NFFC contests in late December. The 2025 NFFC Post-Season Contest is available on Registration now, but we'll add the Primetime, the Rotowire Online Championship and other contests later with TBD entries. Prize money for the 2024 NFFC regular season will be paid out after Week 14, during the week of December 12th, so look for that soon.

Hope all of this helps. Thanks all and good luck in all of your leagues heading into the new year.