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https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
Feb 21, 2021 · As an employee, you may qualify to deduct your work expenses as a dollar-for-dollar adjustment to income, instead of as 2% limited miscellaneous itemized deductions, like most other types of employees. 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.
https://www.thebalance.com/qualified-performing-artists-tax-deduction-3192993
Nov 30, 2020 · IRS Form 2106 reports deductible employee business expenses to the IRS, but only a few professions qualify as of 2020. They include performing artists who work as employees. Form 2106 provides for an “above-the-line” deduction so you can file this form and claim it, then itemize or claim the standard deduction for your filing status as well.
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. It will also usually save you about $15 in self-employment ...
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
Updated for Tax Year 2020. OVERVIEW. The chance to be creative—and the opportunity to be your own boss—makes working as a musician exciting. Here are some of the top business deductions and expenses for self-employed musicians, as well as some tips to guide you through filing your tax return.
https://pjkubey.com/files/2021-DEDUCTIONS-PERFORMING-ARTISTS-for-2020-returns.pdf
PERFORMING ARTIST DEDUCTIONS . Accompanist Fees/Audition Fees/Competition Fees . Accounting Fees/Tax & Financial Advice & Preparation . Agent/Management Fees and Retainers/Contractor’s Fees . Auto Expenses (see Auto Expense document)/Auto Rental for business Books and Publications pertaining to your field (Backstage, % of NY Times, etc.)
https://www.irs.gov/instructions/i2106
Form 2106 may be used only by Armed Forces reservists, qualified performing artists, fee-basis state or local government officials, and employees with impairment-related work expenses because of the suspension of miscellaneous itemized deductions subject to the 2% floor under section 67(a) by P.L. 115-97, section 11045.
http://taxinformationsite.com/certain-business-expense-deductions-reserve-members-performing-artists-fee-basis-government-officials/
Performing Artists: Actors, singers and other artists who, during the tax year, (1) provided performance services for 2+ employers, (2) received at least $200 in wages from each employer, (3) had job-related expenses exceeding 10% of income from the performing artist jobs, and (4) have adjusted gross income of $16,000 or less (without regard to ...
https://www.policygenius.com/blog/tax-deductions-tax-credits-you-can-take/
Low-income performing artists can deduct certain business expenses, such as costs necessary to complete a rehearsal. However, qualifying for this deduction is challenging. You must have an adjusted gross income of $16,000 or less; your business expenses must have been at least 10% of your gross income; you must have worked as a performing ...
https://nationaltax.com.au/tax-deductions-for-performing-arts/
The most common work-related tax deductions for performing artists are summarised in a basic table below: Deduction. Allowable. Not Allowable. Agent Fees: You can claim a deduction for commissions paid to theatrical agents. You cannot claim a deduction for upfront or joining fees. X *.
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