Qualified performing artist rule
Above the line
Can You Write Off Qualified Performing Artist Rule?
Short answer: W-2 performers with 2+ employers paying $200+ each, job costs over 10% of performing income, and AGI of $16,000 or less can deduct job costs above the line.
W-2 performers can't deduct job costs federally unless they qualify as a qualified performing artist (2+ employers, AGI $16,000 or less); 1099 gigs go on Schedule C.
Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose. W-2 employees should ask about employer reimbursement.
Qualified performing artist rule
Above the line
Remote Workers / Freelancers / Consultants
W-2 performers with 2+ employers paying $200+ each, job costs over 10% of performing income, and AGI of $16,000 or less can deduct job costs above the line.
Business justification
W-2 performers with 2+ employers paying $200+ each, job costs over 10% of performing income, and AGI of $16,000 or less can deduct job costs above the line. W-2 performers can't deduct job costs federally unless they qualify as a qualified performing artist (2+ employers, AGI $16,000 or less); 1099 gigs go on Schedule C.
Category
- Write-Offs by Job