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https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
Feb 21, 2021 · You receive at least $200 each from any two of these employers. Your related performing-arts business expenses are more than 10% of your gross income from the performance of those services. Your adjusted gross income is not more than $16,000 before deducting these business expenses.
https://www.thebalance.com/qualified-performing-artists-tax-deduction-3192993
Nov 30, 2020 · Performing artists qualify if they provide services in the arts for two or more employers and receive at least $200 in wages from those jobs. Your job-related expenses must be more than 10% of the income you earned from these jobs, and your AGI must $16,000 or less—without regard to this deduction—as of the 2019 tax year, the return you'll file in 2020.
https://www.irs.gov/instructions/i2106
If you meet all the requirements for a qualified performing artist, include the part of the line 10 amount attributable to performing-arts-related expenses in the total on Schedule 1 (Form 1040), line 11, and attach Form 2106 to your return. Your performing-arts-related business expenses are deductible whether or not you itemize deductions.
https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
If you're a professional artist, there are many deductions you can take to reduce your taxable income for the year, and thereby reduce your taxes. Such deductions are quite valuable--for example, if you're in the 22% tax bracket, each $100 in deductions saves you $22 in income tax.
https://www.irs.gov/publications/p529
Performed services in the performing arts as an employee for at least two employers during the tax year, Received from at least two of the employers wages of $200 or more per employer, Had allowable business expenses attributable to the performing arts of more than 10% of gross income from the performing arts, and
https://www.backstage.com/magazine/article/the-actors-guide-to-filing-taxes-67405/
Nov 18, 2020 · To file a tax return as an actor, you will need your Social Security number or tax ID number, dependent information (if applicable), the forms that reflect your sources of …
https://govtrackinsider.com/performing-artist-tax-parity-act-would-allow-more-actors-and-singers-to-claim-deductions-for-work-9234faf6ad59
Jun 21, 2019 · The Performing Artist Tax Parity Act would once again allow such performing arts tax deductions to qualify as “miscellaneous itemized deductions.” It would also raise the maximum eligible income level to $100,000 for individual filers and $200,000 for joint filers.
https://ttlc.intuit.com/community/taxes/discussion/what-qualifies-as-a-performing-artist/00/780809
Jun 07, 2019 · - Performed services in the performing arts as an employee for at least two employers during the tax year. - Received at least $200 in wages from each of the two employers. - Had allowable business expenses of more than 10% of gross income from the performing arts - Had an adjusted gross income of $16,000 or less before deducting these expenses.
https://pocketsense.com/carry-over-tax-losses-deductions-7998.html
Dec 12, 2019 · Multiply last year's adjusted gross income by 2 percent. If the amount of your investment interest expense exceeds this amount, you have a carry-over. Multiply your current year's adjusted gross income to determine your deduction limit. Subtract last year's carry-over amount from this year's deduction …
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