#LoveMyChamber - The Return on Investment on my Chamber Dues --- Every Tuesday - Tax Deduction

Membership Investment Schedule

Your dues investment provides the revenue to operate the Chamber’s Administrative budget. We pledge to use it wisely. Please use this schedule to determine your fair share investment. Membership dues in the Chamber of Commerce may be tax deductible as an ordinary and necessary business expense. Dues paid to the Chamber are not a charitable tax deduction for federal income tax purposes. The Chamber is not a charity, but serves as an advocate organization for area businesses. (From the  Gaylord Area (Michigan) Chamber of Commerce website).

What You May Deduct

You may deduct costs for dues to professional organizations and those organizations which you can show are necessary to conducting your business. For example, your dues to the Chamber of Commerce are deductible if you can show that your Chamber membership allows you to promote your business.

You may deduct dues you pay to:

1. Boards of trade
2. Business leagues
3. Chambers of commerce
4. Civic or public service organizations
5. Professional organizations such as bar associations and medical associations
6. Real estate boards
7. Trade associations

Source: Jean Murray, About.com

The Chamber membership Value Proposition - Chamber of Commerce annual dues: 

Around $250. Value of the Chamber of Commerce benefit #12 - Probable Tax Deduction; $100 - Return On Investment Features #1-#12 = $5800; Total Return On Investment for 

Annual Chamber Membership - 2320%.