The PGA Championship Payday Is Big, But So Are The Taxes And Expenses
Key takeaways
- --:-- / --:--This voice experience is generated by AI.
- As the players compete, their advisors, CPAs, and other professionals are crunching the numbers.
- The two most common sources of earned income for a professional golfer, Marzano says, are winnings and endorsements.
Taxes Editors' Pick The PGA Championship Payday Is Big, But So Are The Taxes And Expenses Professional golfers lead complicated financial lives, with prize money, endorsements, taxes owed to multiple states, and expenses ranging from travel to caddies. By Kelly Phillips Erb,
--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.NEWTOWN, PENNSYLVANIA - MAY 13: Rory Mc Ilroy of Northern Ireland signs autographs for fans during a practice round prior to the PGA Championship at Aronimink Golf Club on May 13, 2026 in Newtown, Pennsylvania. (Photo by Andrew Redington/Getty Images)Getty ImagesThe second major championship of the golf season, the 108th PGA Championship, is being played now at Aronimink Golf Club in Newtown Square, Pennsylvania, just outside of Philadelphia. Running from May 14 to 17, it’s one of the four major championships in men’s golf, played after the Masters and before the U.S. Open and The Open Championship. It features a full field of 156 players, including many of the sport's biggest names, such as Scottie Scheffler, Rory McIlroy, and Jordan Spieth.
As the players compete, their advisors, CPAs, and other professionals are crunching the numbers. That includes advisors like Frank Marzano, a CPA with a master’s in taxation, who has worked in the wealth management industry for over 25 years and is now with Wellspire. Importantly, he’s also a golfer, so he knows his way around the greens as well as a tax form.