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Tax relief for artists: increased deductions and higher income thresholds.

This act makes it easier for performing artists to deduct work-related expenses from their taxes by increasing income limits and including manager commissions. This can lead to lower tax burdens for artists, improving their financial well-being. These changes will apply starting in 2025.
Key points
Performing artists can deduct more work-related expenses, reducing their tax liability.
Higher income thresholds for deductions mean more artists will qualify for these tax benefits.
Commissions paid to managers and agents will now be deductible as business expenses.
The threshold for determining a 'nominal employer' is raised, making it easier to meet deduction criteria.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_721
Sponsor: Rep. Buchanan, Vern [R-FL-16]
Process start date: 2025-01-24
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Performing Artist Tax Parity Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_721.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-24.

What are the main provisions?

Key points include:

  • Performing artists can deduct more work-related expenses, reducing their tax liability.
  • Higher income thresholds for deductions mean more artists will qualify for these tax benefits.
  • Commissions paid to managers and agents will now be deductible as business expenses.
  • The threshold for determining a 'nominal employer' is raised, making it easier to meet deduction criteria.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Buchanan, Vern [R-FL-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Media and Culture