Performing artists would get new rules for deducting work expenses, with some income limits.
This bill would change how performing artists can deduct their work expenses on their taxes. It would create a new income limit where these deductions start to shrink, but it would also clearly allow them to deduct fees paid to their managers and agents. Additionally, it would raise the minimum amount an employer must pay an artist for them to count as a 'real' employer for tax purposes.
Today, performing artist employees can deduct certain work expenses, and the threshold for a 'nominal employer' is $200. After this bill, performing artists would face a new phaseout for their deductions if their gross income exceeds $100,000 ($200,000 for joint returns). Commissions paid to managers and agents would be explicitly deductible, and the nominal employer threshold would increase to $500. Both the income limit and the employer threshold would be adjusted for inflation each year.
S 1121 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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15 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.