Revised 08-01-06

 

Membership Tax Deduction –

 

The Internal Revenue Service allows your membership to be tax-deductible to the extent that dues paid in any given year exceed the fair market value of services received. WAM, Inc. calculates the tax deductible amounts to be as follows:

• Student, Individual and Family – fully tax deductible

• Donor – all but $10.00 is tax deductible

• Sponsor, Patron and Benefactor – all but $20 is tax deductible