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Back to 2024 USATF Indoor Championships

Travel Funding and Prize Money

Travel Funding

An allocation of funds ($1,000) will be provided to the following athletes:

  1. Defending USATF Indoor Champion in each event, if entered, qualified, and declared
  2. The top three (3) ranked indoor performers during the qualifying window (January 1, 2023 – February 11, 2024)
  3. 2024 USATF Tier and TPP athletes

For these allocations, funds will be awarded to the top ranked athletes in the distances/disciplines being contested at the Championships and NOT FOR TIMES OR DISTANCES ACHIEVED IN ALTERNATE QUALIFYING DISTANCES/TIMES (i.e. rank in the 1500m, but not Mile). The only exception to this would be in the case of the allocation to the Defending Champion, who simply needs to be ENTERED, QUALIFIED, and DECLARED by the deadline in order to be allocated and, therefore, could use an alternate distance/time.

In order to be eligible for the USATF Indoor Championships travel allocations, an athlete must be a current USATF member in good standing; must have entered and achieved qualifying mark between January 1, 2023 – February 11, 2024 (qualifying deadline); and must be a citizen of the United States of America who is eligible to represent the U.S. in international competition. Dual Citizens, please take note.

POST TRAVEL FUNDING

In addition to the payments as described above, an allocation of funds will be provided to those athletes who were not allocated funding prior to the USATF Indoor Championships but who place in the top three (3) in their event at the 2024 USATF Indoor Championships.

TRAVEL FUNDING BREAKDOWN

An allocation of funds in the amount of $1,000 will be provided to athletes in each event who meet the funding criteria above. Athletes will only be eligible to receive travel funding if they are entered and declared by the respective deadlines. Athletes must compete in the 2024 USATF Indoor Championships to receive travel funding. Athletes who qualify for travel funding before the event will be approved for funding when they complete credentialing but must return the funds if they ultimately do not compete at the Championships.

TRAVEL FUNDING DISTRIBUTION

  • Athletes who qualify for pre-travel funding will receive their travel allocation via ACH (direct deposit). Funding will be approved when athlete’s check-in and complete credentialing and will be deposited into athlete’s (or other approved bank account) within 7-10 business days after athlete complete credentialing.  Please note the timeline will be longer for any newly completed financial forms or any discrepancies.
  • Athletes who qualify for post travel funding will receive their travel allocation via ACH (direct deposit) after prize money payments are processed.
  • ​ Athletes with collegiate eligibility should check with their university compliance department to see if they are eligible to receive this travel funding according to NCAA rules. If an athlete with collegiate eligibility is approved to receive funding, the university compliance representative should reach out to USATF via email (Sariyu.Suggs@usatf.org) to provide details/approval/amounts the athlete is eligible to receive.
  • Athletes who are eligible to receive travel funding for this event are required to complete:
    • IRS Form W-9 Request for Taxpayer Identification Number and Certification: USATF will reach out to the eligible athlete to request this information via an electronic form (via Team Works), if there isn’t a form on file.
    • ACH (Direct Deposit Form) will also be a requirement: USATF will reach out to the eligible athlete to request this information via an electronic form (via Team Works), if there isn’t a form on file.

Please be aware that travel funding payments will be reported to the IRS as reportable income and are subject to federal, state, and local income tax. Since no taxes are being withheld by USATF, you may have a tax liability at the time you file your tax return and you may want to consider setting aside some funds for this purpose. If the amount of reportable income including all stipends, prize money, etc. is $600 or more cumulative during a tax year, USATF will issue a 1099 NEC. Receipts for travel may qualify for deductions against this reported income. Please contact a tax advisor for further information. USATF is not offering tax advice, but recipients of USATF funding and benefits are advised to retain their own tax professionals to receive guidance regarding tax implications.

Awards & Prize Money

AWARDS

A Gold Medal, emblematic of the Championships of the United States of America, will be given to the winner of each Championship event, a Silver Medal to second place, and Bronze Medals to both third and fourth places.

PRIZE MONEY

For the 2024 USATF Indoor Championships, USATF will pay prize money to the first through fifth place finishers in each Championship event. The prize structure is as follows:

  • 1st - $6,000
  • 2nd - $4,000
  • 3rd - $2,500
  • 4th - $1,500
  • 5th - $1,000

NOTES

  • Please make sure your contact information (email address and phone number) is up-to-date under your USATF Connect profile.
  • Athletes with remaining collegiate eligibility should check with their university compliance department to see if they are eligible to receive this prize money according to NCAA rules. If an athlete with collegiate eligibility is approved to receive prize money, the university compliance representative should reach out to USATF via email (Sariyu.Suggs@usatf.org) to provide details/approval/amounts the athlete is eligible to receive.
  • Athletes are eligible to receive prize money in more than one event.
  • Athletes who are eligible to receive prize money for this event are required to complete:
    • IRS Form W-9 Request for Taxpayer Identification Number and Certification: USATF will reach out to the eligible athlete to request this information via an electronic form (via Team Works), if there isn’t a form on file.
    • ACH (Direct Deposit Form) will also be a requirement: USATF will reach out to the eligible athlete to request this information via an electronic form (via Team Works), if there isn’t a form on file.

Please be aware that prize money payments will be reported to the IRS as reportable income and are subject to federal, state, and local income tax. Since no taxes are being withheld by USATF, you may have a tax liability at the time you file your tax return and you may want to consider setting aside some funds for this purpose. If the amount of reportable income including all stipends, prize money, etc. is $600 or more cumulative during a tax year, USATF will issue a 1099 NEC. Receipts for travel may qualify for deductions against this reported income. Please contact a tax advisor for further information. USATF is not offering tax advice, but recipients of USATF funding and benefits are advised to retain their own tax professionals to receive guidance regarding tax implications.

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