Payments for Association dues are not deductible as charitable contributions; however, such payments may be deductible as ordinary business expenses in accordance with IRS rules and regulations. The portion of dues paid in 2016 (for 2017) that are not deductible as an ordinary business expense is $94.37 [plus any voluntary dues paid to RPAC, if paid]. This portion is non-deductible because it is used for lobbying or the support of candidates at the local, state and/or national levels. CAR estimates that $5.00 in CAR dues will be used to reach the RPAC goal set by NAR. The breakdown of non-deductible dues is as follows:
|NON-deductible Portion Of Dues Paid|
RPAC Voluntary Contribution is never tax-deductible. A portion of your RPAC voluntary fair share amount may be used to support federal candidates and will be charged against your limits under 52 U.S.C. 30116. No later than April 1 of each year, you may check ColoradoREALTORS.com to determine the portion. After CAR reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates and issues. You may contribute more or less than the suggested RPAC amount. You may refuse to contribute the $25.00 RPAC voluntary fair share amount without reprisal and the National Association of REALTORS® or any of its state or local associations will not favor or disfavor any member because of the amount contributed or a decision not to contribute. Until the state PAC reaches its RPAC goal, 30% is sent to National RPAC to support federal candidates and is charged against your limits under 52 U.S.C. 30116; after the state PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.