Welcome
to the Mason Oceana Manistee Board of REALTORS®
Tax Season Is Here! Important information on Non-deductible Dues!
2012 Nondeductible Dues
The Tax Reform Act of 1993 made the portion of dues paid to organizations which is spent to lobby the State and Federal government, nondeductible for income taxes and requires this to be disclosed to members on their dues invoice or the organization must pay an excise tax.
For 2012 dues and assessments of $156 per member, MAR computes $42 or 27%, to be nondeductible for the member's income tax due to MAR's lobbying efforts. For the nondeductible portion of your 2012 NAR dues, go to http://www.realtor.org/.
2011 Nondeductible Dues
For 2011, with dues and assessments at $156 per member, MAR computes $30 or 19%, to be nondeductible for the member's income tax due to MAR's lobbying efforts. The 2011 non deductible dues amount has been adjusted from $12 to $30 or 19%, due to increased lobbying, advocacy, and grassroots efforts.
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How NAR Represents Consumers' Interests
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| From educating consumers about the housing market to supporting private property rights, NAR enables more Americans to achieve and protect the dream of homeownership. |
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Why Use a REALTOR®
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| Smart home sellers realize they need the expertise of a REALTOR® in the sales process. And only REALTORS®, who are members of the National Association of REALTORS®, follow a time-tested Code of Ethics, where other real estate licensees may not. | |
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Help Buying or Selling a Home
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| Want to educate yourself on the finer points of buying or selling a home? NAR and your local REALTOR® can help. Feature: Preparing for Homeownership |
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| Featured Content | |
| Play NAR's Member-Supported Television and Radio Ads | |
| The ads highlight the importance of choosing a REALTOR® when buying or selling a home, cover the honesty and integrity REALTORS® bring to the process, and illustrate why it's better to use a REALTOR® than try to sell yourself. | |
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Guide to Buying vs. Renting
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| The guide contains statistics and studies on home owners and renters as well as financing options and tips. | |
| NAR Defends the Mortgage Interest Deduction | |
| NAR stands in opposition to the President's Advisory Panel on Federal Tax Reform, which may recommend converting this century-long deduction into a tax credit. Reducing the tax benefits of homeownership could endanger property values. | |
| LINKS |
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State of Michigan Property Tax Estimator You can now access estimates on property taxes by local unit and school district, using 2004 millage rates. Click the link below to begin. |
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