Friday, February 3, 2017

Did You Know: Union Dues Are Tax-Deductible

Did you know that you can deduct the dues that you pay for SHARE membership in your taxes?
A complete list of miscellaneous deductions that can be itemized on your 1040 Form can be found on the Internal Revenue Service website.

If you do itemize your taxes, here’s some numbers that you’ll need: In 2016, SHARE dues for members at UMass Medical School were $17.15, paid every-other-week, for a total of 26 times per year. (Members who worked 20 hours per week were charged $12.84 per dues period.)