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Tax Deductions for Performance Artists

    https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
    Feb 21, 2021 · To qualify, you must meet all of the following requirements: You perform services in the performing arts as an employee for at least two employers. You receive at least $200 each from any two of these employers. Your related performing-arts business …

IRS Form 2106: What Is It? - The Balance

    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.Estimated Reading Time: 7 mins

Instructions for Form 2106 (2020) Internal Revenue Service

    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.

Publication 529 (12/2020), Miscellaneous Deductions ...

    https://www.irs.gov/publications/p529
    If you are a qualified performing artist, you can deduct your employee business expenses as an adjustment to income rather than as a miscellaneous itemized deduction. For example, musicians and entertainers can deduct the cost of theatrical clothing and accessories that aren't suitable for everyday wear. If you are an employee, complete Form 2106.

Tax Deductions for Artists Nolo

    https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
    For example, if you earn $50,000 in profit from your art business, and qualify for the pass-through deduction, you may deduct $10,000. However, you’re entitled to the full 20% pass-through deduction only if your taxable income from all sources after deductions is less than $315,000 if married filing jointly, or $157,500 if single.Estimated Reading Time: 7 mins

What qualifies as a performing artist? - TurboTax

    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.

What Is a Qualified Performing Artist?

    https://www.backstage.com/magazine/article/qualified-performing-artist-57483/
    Jan 22, 2010 · To be clear, the term "qualified performing artist" refers to a specific regulation in the Internal Revenue Code, as outlined above. You either do or do not fulfill the requirements of that...Author: Chuck Sloan

26 U.S.C. § 62 - U.S. Code Title 26. Internal ... - Findlaw

    https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-62.html
    --The deductions allowed by section 162 which consist of expenses paid or incurred by a qualified performing artist in connection with the performances by him of services in the performing arts as an employee. (C) Certain expenses of officials.

Can I deduct work expenses in 2019? In 2020?

    https://www.taxaudit.com/tax-audit-blog/can-i-deduct-work-expenses-in-2019-in-2020
    Jan 31, 2020 · Under certain conditions, Qualified Performing Artists may deduct their EBE. These conditions are they must have more than one employer, they must have at least $200 in wages, their expenses should be more than 10% of the gross income they earned from performing services, and their AGI before the deduction must be $16,000 or less.

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