Deducting professional dues: Are you missing out on tax savings?

For my medical professional clients, and for real estate clients such as realtors, you likely pay annual dues to maintain your licensing and certifications (in some cases, even union membership). But are you deducting professional dues on your tax return?

Video Transcript: Deducting professional dues

Professional dues or union dues are a common expense that are allowed on tax returns.

Admittedly, if you have a professional company or other corporation, your dues may be expensed through that. However, if you don’t, don’t forget to claim them personally.

I’m George Dube, saving the world from tax, one bow tie at a time®.

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Resources

For additional resources related to how to maximize tax deductions, see:

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Remember – circumstances are unique! This information is summary in nature. Seek out advice from your tax advisor about your specific situation.