2024 Dues Renewal
Thank you for your continued membership and support of the REALTOR Association of Prince William. The dues invoice includes, local, state, and national membership dues. Association dues are due by January 1, 2024 and covers your membership through December 31, 2024.
RPAC: Contributions to Virginia REALTORS® RPAC are voluntary and are used for political purposes; they are not deductible for federal or state income tax purposes. Members may contribute more or less than the suggested amount and may refuse to contribute without reprisal. The National Association of REALTORS® or any of its state associations or local boards will not favor or disfavor any member because of the amount contributed. NAR has established state Federal RPAC Disbursement Allocations based on anticipated National RPAC needs. Thirty percent of all Major Investor contributions are sent to NAR to be applied to the Federal RPAC Disbursement Allocation and are charged against the limits under 2 U.S.C. 441a with the remaining seventy percent maintained for state and local usage. Decisions regarding Virginia REALTORS® RPAC contributions to meet the Federal RPAC Disbursement Allocation will be made throughout the fundraising year. The contributor certifies that they are at least 18 years old and are making this contribution with their own personal funds- not those of another person or entity, nor are they a foreign national or federal contractor.
2024 NON-DEDUCTIBLE DUES
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 invoice each year.
National Association of REALTORS®: Dues of $156 per member, NAR computes 35% or $55.00 to be nondeductible for the member’s income tax purposes due to NAR lobbying efforts. Please note that the entire $45 Consumer Advertising Campaign* special assessment qualifies as fully deductible. In addition, contributions (including member dues) to NAR are not tax deductible as charitable contributions. However, they may be tax deductible under other provisions of the Internal Revenue Code. For more information, click here to view the latest information.
*NAR’s Consumer Advertising Campaign Assessment is a mandatory fee for all members when joining or renewing. These funds are used to promote the REALTOR® brand through NAR’s national ad campaign: That’s Who We R. The value of the campaign is an investment in your business and is grounded in three main objectives: Demonstrating the value of a REALTOR® to consumers, distinguishing REALTORS® from the rest, and delivering pride to members. For more information, click here.
Virginia REALTORS®: Dues of $191 per member, Virginia REALTORS® computes 10.9% or $20.82 to be nondeductible for the member’s income taxes due to Virginia REALTORS® lobbying efforts, and political activities. Membership dues are not deductible as charitable contributions, but may be deductible as ordinary and necessary business expenses subject to restrictions imposed as a result of association lobbying activities. Note that the entire $191 new member fee qualifies as a deductible expense.
If you have specific questions, not covered in the FAQs, please contact our office at 703.565.0033.