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About a month ago from ISAHU's Twitter via CoSchedule

What portion of my NAHU dues are tax deductible?

By Rita Musser, ISAHU Treasurer

Now that 2015 has arrived, it is the time of year when we begin to think about the warmth of Spring – and April tax deadlines!

As our members work on their 2014 tax returns, the question comes up: “What portion of my NAHU dues can I deduct as a normal business expense?” Per the IRS regulations, the following percentages of 2014 dues vs. 2014 lobbying expenses for the three NAHU membership levels determine the allowable deductible amounts.

NAHU Levels Allocation of Dues % Paid in Lobbyist Fees Disallowed Amount Allowable Business Expense for 2014
Local Chapter Dues $45.00 0% $0 $45.00
ISAHU Dues $90.00 50% $45.00 $45.00
NAHU Dues $270.00 25% $67.50 $202.50
TOTALS $405.00 $112.50 $292.50

(NOTE: The percentage of dues that can / cannot be deducted as a normal business expense changes each year. We will confirm these percentages at the end of each year and will report any changes in these percentages to the membership as soon as we receive the information from NAHU and in the monthly ISAHU newsletters.)

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Indiana State Association of Health Underwriters

Indiana State Association of Health Underwriters