Performing Artist Tax Parity Act of 2025
- senate
- house
- president
Last progress March 25, 2025 (8 months ago)
Introduced on March 25, 2025 by Mark R. Warner
House Votes
Senate Votes
Read twice and referred to the Committee on Finance.
Last progress March 25, 2025 (8 months ago)
Introduced on March 25, 2025 by Mark R. Warner
Read twice and referred to the Committee on Finance.
This bill, called the Performing Artist Tax Parity Act of 2025, makes it easier for performing artists who are employees to deduct their work expenses “above the line” (these are taken off your income before figuring your adjusted gross income). It removes the old $16,000 income cap for qualifying and instead phases out the deduction as your gross income rises. For single filers, the deduction shrinks between $100,000 and $120,000; for joint filers, between $200,000 and $240,000. These dollar limits will rise with inflation starting in 2026. The bill also says that commissions paid to a manager or agent count as deductible expenses, and it raises the required minimum pay from each employer to $500, also indexed for inflation starting in 2026. The changes apply to tax years after December 31, 2024.
Key points