Federal Income Tax Law
2013 provisions of federal income tax law regarding lobbying expenses make the following portion of your dues not tax deductible:
Estimated Lobbying Expense Percentage Non-Deductible Portion
National Association of REALTORS® 36% of $120 Annual Dues = $44
Illinois Association of REALTORS® 50% of $200 Annual Dues = $100
Mainstreet Organization of REALTORS® 4% of $140 Annual Dues = $6
Total Dues amount that is not tax deductible = $150
Accounting Forms:
Auto Debit MORe >