Per NAR, Compliance with the Tax Reform Act of 1993 requires that the portion of dues attributable to lobbying and political activities at the State and Federal levels of government be considered nondeductible for income tax purposes. This nondeductible portion must be disclosed to members on their dues invoices each year.
For 2024, with ILLINOIS REALTORS® dues at $205 and the RVOICE assessment at $85 per member (a total of $290), ILLINOIS REALTORS® computes 27 percent, or $78.30, to be nondeductible for income tax purposes due to lobbying efforts by ILLINOIS REALTORS®.
For 2024, with dues at $156 per member, NAR computes 35 percent, or $55 to be nondeductible for income tax purposes due to NAR’s lobbying efforts. Please note that the entire $45 Consumer Advertising Campaign special assessment qualifies as fully deductible.
NAR SPECIAL ASSESSMENT
NAR’s $45 mandatory assessment for the Consumer Advertising Campaign is for classifications of REALTOR® and REALTOR®-ASSOCIATE. As always, the assessment is not prorated so new members who join throughout the year owe the full $45. Note that the entire $45 portion of dues related to Consumer Advertising Campaign qualifies as deductible dues.
NAR’s $45 mandatory assessment for the Consumer Advertising Campaign is for classifications of REALTOR® and REALTOR®-ASSOCIATE and cannot be pro-rated.
ILLINOIS REALTORS® RVOICE PROGRAM
ILLINOIS REALTORS® 2024 dues include a $85 mandatory assessment for all REALTOR® and REALTOR®-ASSOCIATE members to fund the RVOICE Program, established in 2006 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. Learn more at https://www.illinoisrealtors.org/advocacy/
ILLINOIS REALTORS® $85 mandatory assessment for the RVOICE Program is for classifications of REALTOR® and REALTOR®-ASSOCIATE and cannot be prorated.
RPAC: Fighting for YOU
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. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts. The National Association of REALTORS® and its state and local associations will not favor or disadvantage any member because of the amount contributed or decision not to contribute. You may refuse to contribute without reprisal. Up to thirty percent (30%) may be sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a. A copy of our report filed with the State Board of Elections is (or will be) available on the Board’s official website www.elections.il.gov or for purchase from the State Board of Elections, Springfield, Illinois. Except as may be required by state or federal law, the Illinois REALTORS® PAC (Illinois RPAC) is not required to refund political contributions. However, refund request will be considered on a case-by-case basis so long as they are received within 30 days of the contribution.
REAL Property Alliance (RPA)
Assist your REALTOR® community with a voluntary contribution to RPA which provides insight and analysis for Illinois property owners and a voice for establishing sound real estate policy that promotes growth and seeks to limit taxes and regulations which can make it harder to live and work in the state.
Contributions to the Real Property Alliance are tax-deductible contributions.