What memberships are tax deductible?

Written by eric scott
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What memberships are tax deductible?
Some membership dues are tax deductible. (tax forms image by Chad McDermott from Fotolia.com)

If you belong to an organisation relating directly to your work, you may be able to deduct the membership dues from your federal income taxes. Several types of memberships are deductible, including union dues, dues to a professional organisation and dues paid to a chamber of commerce. Before deducting membership dues, it is important to find out if the deduction meets IRS requirements.

Union Memberships

You can deduct your union membership dues, but there are a few limitations. If your union uses part of your dues for political lobbying, that portion may not be tax deductible. In addition, if you contribute to a union pension fund, that money is not dues and is not deductible.

Professional Organizations

The cost of membership in a professional organisation is tax deductible. Professional organisations include trade associations, professional boards, boards of trade and professional societies. Like union dues, portions that go toward political lobbying may not be tax deductible. Dues to a recreational club, even if it is only open to professionals in your field, are not tax deductible.

Chamber of Commerce

If you belong to a chamber of commerce, you can deduct any dues you pay. The main purpose of a chamber of commerce must be business related for the dues to qualify as a tax deduction. The portion of the dues that goes toward political lobbying is not tax deductible.

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