Tax Guide

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Deductible Subscriptions and Dues

Many times, our jobs demand staying current on occupational developments and advances. In order to keep up, sometimes we have to pay for subscriptions and professional organization memberships. The IRS allows us to get that money back in the form of miscellaneous deductions from our taxable income.

Publication 529, Miscellaneous Deductions, says that professional society dues and subscriptions to professional journals and trade magazines are qualifying employee expenses, and are deductible. Just make sure that the subscription or membership is closely tied to your chosen profession. A subscription to Bass Fishing Monthly, for example, probably won’t pass IRS muster when you’re a third-grade teacher.

See also: Taxes and Your Job