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Deduct your dues
Getting ready to do your 2011 taxes? You can deduct most of your association dues from your income tax.
The dues deduction amount is as follows:
1.00 – .76 FTE...... $884.96
.75 – .51 FTE...... $706.44
.50 – .26 FTE...... $449.16
.25 or less FTE...... $231.64
Please remember that your 2011 dues for income tax include eight months at the 2010-2011 rate (January through August) and four months at the 2011-2012 rate (September through December).
If you have changed FTE from last year or if you only worked a portion of the year, your dues will be different. You can either calculate from the chart below, or call the VEA office for assistance.
Monthly dues deduction
|
|
.76-1.0 FTE |
.51-.75 FTE |
.26-.50 FTE |
.25 or less |
|
10-11 |
73.58 |
58.67 |
37.21 |
19.06 |
|
11-12 |
74.08 |
59.27 |
37.87 |
19.79 |