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IRS Form 2106: What Is It? - The Balance
    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 Performance Artists
    Feb 21, 2021 · 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. If you are married, you must file a joint return unless you lived apart from your spouse at all times during the tax year.

Instructions for Form 2106 (2020) Internal Revenue Service
    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.

Tax Deductions for Artists Nolo
    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.

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

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

Deductions for Actors Nolo
    The tax law takes pity on actors who earn little money by providing them with a special “qualified performing artist deduction.” The deduction is unaffected by the TCJA. However, you qualify for it only if your adjusted gross income (AGI) from all sources, not just acting, is $16,000 or less (including income your spouse earns).

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.

What Is a Qualified Performing Artist?
    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

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