Performing Artist Tax Parity Act of 2025

Tax Deduction Clarification: The bill clarifies that deductions can include commissions paid to a performing artist's manager or agent, as noted in Section 2(b).

Inflation Protection for Deductions: The $100,000 income threshold for the deduction phaseout will be increased annually by a cost-of-living adjustment for years after 2025, as stated in Section 2(a)(2)(iii).

Inflation Protection for Employer Thresholds: The $500 threshold used for determining nominal employers will also be increased via a cost-of-living adjustment after 2025, according to Section 2(c)(2).