Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You can deduct a payment you make for membership of a trade, business or professional association.
Note: Alternatively, you can deduct the expense under section 8 - 1 (which is about general deductions) if you satisfy the requirements of that section.
(2) However, $42 is the maximum amount you can deduct under this section for the payments that you make in the income year to any one association.
If you deduct under section 8 - 1
(3) If you deduct a payment under section 8 - 1 (which is about general deductions) instead of this section:
(a) the payment does not count towards the $42 limit; and
(b) the amount that you can deduct for the payment is not
limited to $42.