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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 · Tax Deductions for Performance Artists. 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 expenses are more than 10% of your gross income from the performance of ...

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.

Tax Deductions for Artists Nolo

    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.

Instructions for Form 2106 (2020) Internal Revenue Service

    https://www.irs.gov/instructions/i2106
    If you are not a member of the Armed Forces reserves, a qualified performing artist, a fee-basis state or local government official, or an employee with impairment-related work expenses, and receive reimbursements in excess of your expenses from your employer’s nonaccountable plan, the excess reimbursements should be included in your wages (in box 1 of Form W-2) and reported on line 1 of …

What Is a Performing Artist Expense Tax Break Credit ...

    https://www.govdocfiling.com/faq/performing-artist-expense-tax-break-credit/
    Performance artists often incur expenses out of their personal funds which are not reimbursed by employers. To claim a tax break credit with the IRS for performance-related expenses requires spending more than ten percent of the income earned during the tax year. The amount of income is determined by the amount of wages reported on your W-2 forms.

Taxes for Actors: 2020 Deductions, Deadlines, & More ...

    https://www.backstage.com/magazine/article/the-actors-guide-to-filing-taxes-67405/
    Nov 18, 2020 · Possible tax deductions for actors include business travel, agent fees, union dues, promotional expenses (headshot, demo reel, etc.), among other things. In …

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.

What qualifies as a performing artist? - TurboTax

    https://ttlc.intuit.com/community/taxes/discussion/what-qualifies-as-a-performing-artist/00/780809
    Jun 08, 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.

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