S. 4747 aims to change the tax rules for performing artists in the United States. The bill proposes to raise the income limit for artists to qualify for certain tax deductions, specifically for expenses related to their work. It also introduces adjustments based on living...
Simple Explanation
S. 4747 is a bill that wants to help artists by letting them keep more of their money when they pay for things they need to do their job, like costumes or travel, even if they make more money. It also makes sure that as prices go up, the money artists can save on taxes stays fair.