Fill Out Your Bracket AND Your Tax Return
Save Money on Both!
March Madness + Tax Season = The Ultimate Combo. While you're picking upsets, don't forget about Schedule 1-A. Both could put money in your pocket.
⭐ Two ways to win: Perfect bracket odds are 1 in 9.2 billion. OBBB tax savings odds are 100% (if you qualify).
While You're Filling Out Your Bracket...
Don't forget to fill out Schedule 1-A! Both brackets and tax forms have the power to change your financial future.
🏀 Your Basketball Bracket
💰 Your Tax Bracket
March Madness by the Numbers
Basketball stats meet tax stats. Here's what every fan should know.
🎲 Sports Betting Alert!
The average March Madness bettor wins $340 but pays 22% in taxes ($75).
But if you're a nurse who worked overtime, you could deduct $5,000+ in overtime premium to offset those betting winnings. Result: You pay $0 extra taxes on your bracket wins!
🏥 Hospital Workers Taking Note!
Nurses watching March Madness: your OT from those extra shifts is now deductible!
Picked up extra shifts during flu season? That overtime premium (not just the base pay) can be deducted from your taxes. Up to $12,500 for single filers.
Tax Bracket vs Basketball Bracket
Both determine how much you take home. One's based on income, the other on upsets.
The Perfect Parallel
Seven tax brackets. Seven rounds to the championship.
| Tax Bracket | Income Range (Single) | Tournament Parallel |
|---|---|---|
| 10% | $0 - $11,000 | First Four (Play-in games) |
| 12% | $11,000 - $44,725 | First Round (64 → 32) |
| 22% | $44,725 - $95,375 | Second Round (32 → 16) |
| 24% | $95,375 - $182,050 | Sweet Sixteen (16 → 8) |
| 32% | $182,050 - $231,250 | Elite Eight (8 → 4) |
| 35% | $231,250 - $578,125 | Final Four (4 → 2) |
| 37% | $578,125+ | Championship Game |
Pro tip: OBBB deductions can move you down tax brackets, just like upsets move teams up tournament brackets!
Ready to Win at Both Games?
Your bracket might bust, but your tax savings don't have to. Calculate your OBBB deductions while you're calculating tournament odds.
🏀 Share with your bracket pool: Forward this to your friends, coworkers, and family. They're already thinking about winning money — help them keep more of it!