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The american medical association and the american bar association are examples of Professional associations
What is Professional associations ?
A professional association typically works to further the interests of persons and organizations involved in that field, as well as the public interest. In the United States, such an association is often a tax-exempt nonprofit business league.
Miscellaneous deductions include fees paid to professional associations or memberships. This means that only those dues or fees that surpass 2% of your adjusted gross income can be claimed as a tax deduction.
Joining a professional association is essential for staying up to date on the newest knowledge and practices on a local, regional, and worldwide scale. It assists the professional in staying current on challenges and possibilities, as well as assisting the member who becomes active in personal advancement.
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