How Much of My REALTOR Dues Are Deductible?
Compliance with the Tax Reform Act of 1993 requires that the portion of dues attributable to lobbying and political activities at the state and federal levels of government be considered nondeductible for income tax purposes. This nondeductible portion must be disclosed to members each year.
For 2013 dues, 5% of CABOR dues or about $10 is non-deductible for the memberʼs income tax due to CABOR lobbying efforts. OAR computes that 11% or $14 to be non-deductible and NAR computes 36% or $44 of their dues to be non-deductible. NARʼs $35 Public Advocacy Assessment does qualify as deductible dues. The total CABOR, OAR and NAR non-deductible portion of dues is $68.
Please consult your tax advisor on tax deductions from dues and voluntary donations.