HR 721

This bill, the Performing Artist Tax Parity Act of 2025, aims to make tax deductions for business expenses more accessible to performing artists. It eliminates the adjusted gross income limit of $16,000 for qualifying artists and increases the minimum payment required from employers to $500 (adjusted for inflation). The bill also introduces a phase-out of these deductions for higher-income artists, with the deduction gradually reduced as gross income exceeds $100,000 (or $200,000 for joint filers), and finally, it allows deductions for commissions paid to a performing artist’s manager or agent.