Sharon, this is going to be one of your favorite topics to talk about today. I'm sure it is. You know, the majority of CRNAs are members of their professional organization, be it ANA or their state association as well. And I thought it's just prudent to kind of talk about this as we're talking about deductible expenses. I mean, you've been a member of ANA for how long now? 33 years. 33 years. And the current ANA dues are $645. $645, but they'll be going up a graduated increase, which is way overdue. Yeah, no, and I agree with that. I think that's pretty low for given the amount of benefit that you get from. Well, tell them how much your fees are for your professional organization, Jeremy. A whole lot more than that. It's $1,500, right? Isn't that what you said? Depending on which one that we're talking about, yeah, I think it would go up in the thousands. It's less than 0.1% of what most CRNAs make, which is, it's not a lot. And it's insurance for your profession. No, it is. It is, and it can be a deductible expense. One, the IRS says that if it's required by your profession, or it's used generally in your profession, that it is a deductible expense. And ANA is not required, but it is an accepted deductible expense. So whether it's ANA, your state association, or other relevant organizations, such as the ANA, some CRNAs are still members of that. Yeah. So now, the limitations are that if you're a W-2 employee, this is a non-deductible expense. And I don't think a lot of people understand that. But when you're 1099, this is a tax deductible expense. So that $645, if you're in the effective 30% tax bracket, you're going to get a 30% discount on paying those dues. So really, when you look at it, $420, $448, $450 is really what it costs you in after-tax dollars to be a member of ANA. That's a good deal. That's a good deal, right? So making sure that you have some 1099 income to be able to deduct these dues is a smart move for CRNAs. And remember, as we're going through this, you don't have to do 1099 full-time to be able to take advantage of a lot of these things that we're talking about. As long as you've got 1099 income, you can typically utilize some of these deductions. And before you loved me into being 1099 full-time, we did that. So you kind of guided me down the path slowly. Yeah, a lot of people with baby steps. They don't want to jump in with both feet. I get it. You kind of learn it. And then you see the benefits, and you understand it. And then you get more comfortable with it. And you get polar plunge, like you did. You go back into a hospital environment you hadn't been in in how long? 16 years. Yeah, so you really did jump in the deep end. So where do you claim this at? So if you're self-employed, you're either going to claim it on a Schedule C or 1120S. Schedule C is if you're a non-S corporation. So you're not being taxed as an S corp. That's where you actually do your accounting for your businesses on a Schedule C and file your taxes. And for an S corp or PLLC or LLC being taxed as an S corp, this deduction comes off on the 1120S. So it depends on how you're set up and your employment type. But either way, you can still utilize this expense if you meet the parameters. So I think it's very, very important. So I put this in here because I know that it's very important to you, Sharon, as it is to me, that CRNAs be a member of ANA and their organization. So I mean, if you can deduct this, you lower your taxable income, and you're supporting your community, continuous professional development for you, training, educational opportunities, you're part of the greater good of CRNAs. And we all know that there's a constant fight in your industry with your physician counterparts on you being able to do your job, and ANA supports that. And then you do develop credibility within your workplace, within your stature in the CRNA community by being a member, I think. And I know you could add to that all day long. Let me ask you a question. If you are a fellow, because there are dues to being a fellow within our organization, can you write those dues off? Yeah, I would think that would be a deductible expense as well. So I mean, we'd have to look at that, obviously, on a case-by-case basis. But I would think because of that, that you would be able to. Well, I mean, it definitely enhances your reputation to be a fellow in your organization. So I would say that that would be an easy lift, I would think. Yeah, yeah. It's never, with the IRS, there's never an exact. So a lot of times, you are looking at it on a case-by-case. But definitely, I think you make sure and talk to whoever your accountant is and make sure that they're on board with it and you understand the pros and cons. But absolutely, I think being involved, and especially if you're 1099, these are deductions that you could utilize and save yourself some taxes and support your industry and your fellow CRNAs. What could be better than that? Yeah, well, I hope it is. I'm also a fellow in the American Academy of Nursing. There's only about 40 CRNAs ever have been in the Academy. That number is growing now. I think we just had nine inducted. But their dues are a lot more than the dues in the AANA. All right, well, I think that kind of wraps this section up.

CRNA

professional organizations

ANA

tax deduction

membership benefits