Update Contact Information, Access Payment History, Understand Deductibility of Expenses
AS TAX SEASON APPROACHES, you may have questions about which expenses can be deducted, how to access your dues payment history and more. Here are a few quick tips:
WHICH EXPENSES ARE DEDUCTIBLE?
Dues
Dues are not deductible as a charitable contribution for federal income tax purposes. However, such fees may be deductible under other provisions of the IRS Code, such as an ordinary and necessary business expense. Please consult your tax advisor.
Lobbying Expenses
Certain provisions of the current tax law regarding lobbying expenses limit the extent to which your national, state and local dues will be deductible as a business expense. The estimated non-deductible portion of your dues is as follows:
Non-Deductible Estimated Lobbying Expense Percentage Portion
National Association of Realtors® (38% of $150 annual dues) $57.00
Virginia Realtors® (11.2% of $155 annual dues) $17.36
Northern Virginia Association of Realtors® (2% of annual dues) $ 5.90
Total Non-Deductible Portion of Dues
$80.26
NV/RPAC Voluntary Contribution
An investment in NV/RPAC is not deductible for federal income tax purposes.
HOW DO I ACCESS MY PAYMENT HISTORY?
Login to your member dashboard at NVAR.com/login. Click on “Review Order History.” Receipts can be printed from that screen.
I’M NOT RECEIVING NVAR EMAILS. HOW DO I VERIFY OR UPDATE MY CONTACT INFORMATION?
To access your NVAR member record, login to the member dashboard at NVAR.com/login.
On the dashboard, click on “Edit Membership Info.” You will be able to verify and update your email address in the database. If the email address is correct, and you are still not receiving emails, please contact webmaster@nvar.com.
In the database, you may also change your password, select mailing preferences, and update other personal information. To change office information, you will need to complete a Brokerage Transfer Form or Existing Firm Update Form. Both forms are accessible at
NVAR.com/realtors/resources.