HITS ACT and the TAXMAN
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HITS ACT and the TAXMAN
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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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