2020 NAR & IR Dues Detail

Your 2020 NAR dues includes a $35 mandatory assessment for the Consumer Advertising Campaign for classifications of REALTOR® and REALTOR®-ASSOCIATE. *Note that the entire $35 portion of dues related to Consumer Advertising Campaign qualifies as deductible dues.

For 2020, with ILLINOIS REALTORS® dues at $187 and the RVOICE assessment at $85 per member (a total of $272), ILLINOIS REALTORS® computes 37 percent, or $100.64, to be nondeductible for income tax purposes due to lobbying efforts by ILLINOIS REALTORS®.

For 2020, with NAR dues at $150 per member, NAR computes 38 percent, or $57 to be nondeductible for income tax purposes due to NAR’s lobbying efforts.

Membership dues are not deductible as charitable contributions, but may be deductible as an ordinary and necessary business expense subject to restrictions imposed as a result of association lobbying activities. “

Your 2020 IR dues includes a $85 mandatory assessment by the IAR for all REALTOR® & REALTOR®-ASSOCIATE members to fund the RVOICE Program, to ensure that REALTORS® have a strong voice on public policy issues throughout Illinois. RVOICE provides ILLINOIS REALTORS® the resources to advocate on local governmental issues and take its message to the people, policy makers and the media.
Your contribution to REEF will expand Real Estate research and will provide assistance to qualified students.

Your contribution to REEF will expand Real Estate research and will provide assistance to qualified students.

The contribution to the Real Estate Education Foundation (REEF) is a tax-deductible charitable contribution.

The REALTORS® Political Action Committee (RPAC) collects voluntary investments from members and uses those funds in a bipartisan manner to support pro-REALTOR® candidates for public office who help ILLINOIS REALTORS® win the fight on public policy issues affecting your business, including private property rights, government regulation of the industry, and taxes and fees affecting real estate.

Contributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes.