BLET Tax Deduction for Dues

Post date: Feb 5, 2015 5:57:48 PM

STEP 1: $123 dues monthly x 12 months = $1476 a year in dues

STEP 2: $1476 (yearly dues) x .158 (% not deductible) = $233.208

STEP 3: $1476 dues - $233.21 (15.8% not deductible) = $1242.79 dues deduction on your 1040 personal tax return

More info can be found HERE