Hey there! I know that with the new tax law, actors can no longer deduct employee expenses on W-2 income. Does this also apply to 1099 income?

Forum|Forum|7 years ago
June 3, 2019
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Actually, Qualified Performing Artists who receive W-2 wages are still able to claim employee business expenses under these conditions:

- 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.

That being said, if you are self-employed as an actor, reporting your 1099-Misc income on Schedule C, you will be allowed to take a deduction for ordinary and necessary expenses incurred for business.

Anonymous

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Actually, Qualified Performing Artists who receive W-2 wages are still able to claim employee business expenses under these conditions:

- 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.

rdesai11Author

Level 2

Thank you, Julie!

Hey there! I know that with the new tax law, actors can no longer deduct employee expenses on W-2 income. Does this also apply to 1099 income?

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