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!
NOW PLAYING
HITS ACT and the TAXMAN
No transcript for this episode yet
Similar Episodes
Apr 21, 2026 ·13m
Apr 19, 2026 ·16m
Apr 17, 2026 ·13m
Apr 13, 2026 ·11m
Apr 11, 2026 ·16m