S 1121

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 for qualifying artists and increases the minimum payment required from employers to $500 (adjusted for inflation). However, the bill also includes a phase-out provision, reducing deductions for artists with high incomes, with a complete phase-out at $120,000 (or $240,000 for joint filers), adjusted for inflation. Furthermore, the bill allows deductions for commissions paid to a performing artist’s manager or agent.