What is the HITS Act all about? (Why it matters to independent music creators)

What it means for independent music creators

After 5 years, the Help Independent Tracks Succeed (HITS) Act is finally signed into law! Here's what you need to know:

Tax Break!

The HITS Act provides tax relief for you (independent artists, songwriters, and labels) by allowing up to $150,000 in music production expenses to be deducted in the year they are incurred.

Parity with other Creative Sectors

It aligns the music industry with other creative sectors, such as film, television, and live theater, which already benefit from similar tax incentives.

A Win for Independent Creators

It is a victory for independent music creators like you, who struggle to compete against the market power of big tech platforms.

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Thoughts or questions on the HITS Act? Drop them in the comments.

Sources: The Recording Academy, American Association of Independent Music, National Independent Talent Organization, Pollstar