Message Font: Serif | Sans-Serif
No. of Recommendations: 0
That's like some charitable organizations have membership dues, which are deductible if you don't get any financial or tangible benefit.

And then there's the Smithsonian Institution and National Geographic Society, where the "dues" are like $20, and that includes the magazine. Other "members' benefits" include things like discounts on other books or things you might buy.

I'm not 100% sure , but I don't recall seeing a thing that said that the "dues" were not deductible. And it IS possible to make a deductible contribution to those organizations, but I doubt it's good at the basic level.

Similarly, my school's alumni association has different levels of membership. Above the basic level, you get a deduction - reduced for the goodies they give you, of course. (Things like the newest school t-shirt and bumper sticker.)

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.