HITS ACT and the TAXMAN episode artwork

EPISODE · Jan 13, 2026 · 7 MIN

HITS ACT and the TAXMAN

from Prof Snyder's Music Biz News

This is for anyone who records music, and is looking for a tax write-off. The HITS (Help Independent Tracks Succeed) Act was passed last summer (2025), but it hasn't been publicized like No Tax on Tips. (Side note...the tips you get at gigs don't count!). This Act allows you to write-off any recording costs, up to $150,000, you may have had in 2025, but only 2025. So if you need a tax write-off, start digging for those receipts! Be sure your recording friends are aware and share this podcast...the TAXMAN is coming!

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HITS ACT and the TAXMAN

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How long is this episode of Prof Snyder's Music Biz News?

This episode is 7 minutes long.

When was this Prof Snyder's Music Biz News episode published?

This episode was published on January 13, 2026.

What is this episode about?

This is for anyone who records music, and is looking for a tax write-off. The HITS (Help Independent Tracks Succeed) Act was passed last summer (2025), but it hasn't been publicized like No Tax on Tips. (Side note...the tips you get at gigs don't...

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