HR 7731
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.
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 4:06 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill would change the tax code to allow athletes who win medals or receive prize money from the U.S. Olympic Committee for participation in the Olympic or Paralympic Games to keep that money without having to pay income tax. Currently, there’s a limit on how much prize money can be excluded from income. This legislation removes that limit, ensuring athletes receive the full value of their achievements. The change would take effect starting in 2026.
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