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IRS Delays Tax Deadline to July 15; Remember, a Significant Portion of Your Dues Are Tax Deductible
Posted on: 3/17/2020

89 percent

The coronavirus pandemic has prompted the Internal Revenue Service to extend the April 15 deadline for 90 days. Taxpayers now have until July 15 to file and pay the IRS if money is owed. Please note that the portion of your ISMS dues for the 2019 membership year supporting non-tax-deductible activities is 11%.

Therefore, for federal income tax purposes, your dues for 2019 are 89% tax-deductible.

For applicability to your individual circumstances, check with your tax consultant or advisor.

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