Leaders of Hollywood’s unions and guilds are calling on Congress to pass the Performing Artist Tax Parity Act (PATPA) before Republicans take control of the House of Representatives in January. The legislation would restore tax breaks for work-related expenses by updating the Qualified Performing Artist (QPA) deduction and modernizing a provision that has been on the books since it was signed into law in the 1980s by President Ronald Reagan. The provision would allow middle-class entertainment workers to again deduct common business expenses. Currently, the adjusted gross income threshold for the QPA deduction is $16,000, which has been unchanged since QPA’s inception in 1986. PATPA would raise the threshold of the QPA deduction to $100,000 for single taxpayers and $200,000 for joint filers to help ensure middle-class entertainment workers qualify for the deduction. In a letter sent today to the leaders of the House Ways and Means Committee and the Senate Committee on … [Read more...] about Hollywood Union Leaders Urge Congress To Pass Performing Artist Tax Parity Act