HR. 721In Committee
Performing Artist Tax Parity Act of 2025
Increases and updates the above the line tax deduction for qualified performing artists by broadening eligibility, adding an income phaseout, and allowing manager or agent commissions as deductible expenses
Plain-English overview
What this bill does
Increases and updates the above the line tax deduction for qualified performing artists by broadening eligibility, adding an income phaseout, and allowing manager or agent commissions as deductible expenses
Key points
- Establish income based phaseout
- Modify performing artist deduction rules
- Allow deduction of commissions
- Increase minimum payment threshold
Current status
Where it stands
Status
In Committee
Latest action
2025-01-24 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
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