Performing artists would see changes to how they deduct work expenses.
This bill would change how performing artists take tax write-offs for their work costs. It would make it easier for some to qualify by removing a rule about their income. It would also clarify what costs they can write off. But, artists with higher incomes would see their tax write-offs shrink.
Today, performing artists can deduct work expenses if they meet several rules, including earning at least $200 from two employers and having performing arts income make up over 10% of their total income. This bill would raise the minimum employer income to $500, remove the 10% income rule, and clearly allow manager commissions as deductions. However, it would also introduce a new rule that reduces the deduction for single artists earning over $100,000, or $200,000 for joint filers.
HR 721 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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18 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.