LVR

LVR News

Final Day to Pay: January 5, 2023 Without Penalty

2023 Annual Dues Are Due by Thursday, January 5, 2023 at 11:59 PM

Release Date: December 20, 2022 at 10:18 AM

Contributions are not deductible for Federal income tax purposes. Contributions are voluntary and used for political purposes. The amount indicated is merely a guideline. The REALTOR® Associations will not favor or disadvantage anyone by reason of their contribution amount. You may refuse to contribute. Until PSF reaches NAR's goal, 30% of your PAC contribution is sent to National RPAC to support federal candidates and is charged against your limits under 52 USC 30116 and 70% of the contribution stays at the state and local levels and is used to support state and local candidates and a portion of this may be used for issues. After PSF reaches its goals, it may elect to retain your entire contribution for use in supporting state, and local candidates or issues. (Major investor levels may not be subject to this provision.) Federal law prohibits PSF/NV RPAC from soliciting contributions from individuals who are not members of the National Association of REALTORS®.

DUES NON-DEDUCTIBILITY

Compliance with the Tax Reform Act of 1993, as amended by the Tax Cuts and Job Act of 2017, requires that the portion of dues attributable to lobbying and political activities at the Local, State and Federal levels of government be considered nondeductible for income tax purposes. For 2023, with National dues at $150 per member, NAR computes 34 percent or $51 to be nondeductible for the member's income tax purposes due to NAR lobbying efforts. Please note that the entire $45 Public Awareness Campaign special assessment qualifies as fully deductible. For 2023, with State dues at $210 per member, NVR computes 20% or $42.00 to be nondeductible for the member's income tax purposes due to NVR lobbying efforts.

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