Update from BLET Tax Compliance department
CLEVELAND, January 17 — Internal Revenue Service regulations require the BLET National Division to inform its members that a certain portion of your National Division dues are not tax deductible as a miscellaneous itemized deduction on your personal tax returns.
According to the National Secretary-Treasurer’s office, 84.2 percent of your BLET National Division dues are tax deductible on a Form 1040 tax return.
The 15.8 percent of dues that is not tax deductible pays for expenses the union incurs to protect its members via the legislative process to ensure that worker-friendly laws remain in effect and are improved, and to resist efforts by labor’s opponents to implement changes that are detrimental to the membership.
Friday, January 18, 2013
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