AEs: Federal law requires that the portion of NAR's dues of $80 attributable to lobbying and political activities at the state and federal levels be considered nondeductible for income tax purposes. This nondeductible portion must be disclosed to your members on their dues invoice each year. For 2008, to recognize increased NAR advocacy efforts during this election year, the nondeductible dues computation is 31 percent, or $25, rather than 22 percent, or $18, as previously reported.
For 2009, NAR computes 33 percent, or $26, to be nondeductible for members' income tax purposes. This percentage is higher than in past years due to increased lobbying, advocacy, and grassroots efforts as well as new programming approved by the Board of Directors as part of NAR's Second Century Initiative. The entire $35 Public Awareness Campaign special assessment is fully deductible. For more info contact Karen Paschal, 312/329-8239, or John Pierpoint,312/329-8260.