If you are working as a Certified Financial Planner and you pay $500 to the association every year for membership,you can deduct this amount on your personal tax return as
A)union/professional dues as long as you receive a tax receipt.
B)an eligible tax credit as long as you do not get reimbursed for the amount.
C)an employment expense as long as you receive a tax receipt.
D)union/professional dues as long as you do not get reimbursed for the amount.

Question

Quizplus · Accepted Answer

The $500 paid to the association can be claimed as union/professional dues on your personal tax return. However, it can only be claimed as such if you are not reimbursed for the amount.

If You Are Working as a Certified Financial Planner and You