Take Action Now! Support Working Actors and Artists
We may be in the 21st Century, but some tax laws are stuck in the past – working actors and artists are paying the cost. Literally.
Over the last 30 years, wages and costs of living have increased across the board, but a provision in the tax code allowing performing artists to deduct qualified business expenses is outdated and obsolete. The threshold income to use the code is barely above the federal poverty line. We aim to change that!
The bipartisan Performing Artist Tax Parity Act (PATPA) will make critical, above-the-line business expense tax deductions available to substantially many more actors and artists. The bill moves the threshold from $16,000 to $100,000, or $200,000 for joint filers. That is real change!
Qualified business expenses include equipment used for self-taping, education and training workshops and courses, marketing and promotional material, travel, and more. It even specifically includes agent and manager commissions as above the line deductions.