Membership Dues Deductions
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Agency Membership Dues to the Independent Insurance Agents of Virginia and Independent Insurance Agents & Brokers of America (IIABA) are not deductible as a charitable contribution but may be deductible as an ordinary and necessary business expense. To the extent that IIAV and IIABA engage in lobbying, the portion of the membership dues that relate to lobbying expenses is not deductible as an ordinary and necessary business expense. This law was enacted in 1993, effective Jan. 1, 1994 [Section 13222 of the Omnibus Budget Reconciliation Act of 1993 (OBRA 1993)]. The non-deductible portion of Big “I” dues that are not deductible for 2023 is 18%.
