Are Your Political Campaign Contributions Tax Deductible?

Tax Deductions and Credits 0430-Blog
The 2016 election season is in full swing, and candidates on both sides are reaching out every day to their supporters for campaign contributions. Though giving money to your candidate of choice is a great way to get involved in civic discourse, political donations are not tax deductible. According to the IRS:
You can’t deduct contributions made to a political candidate, a campaign committee, or a newsletter fund. Advertisements in convention bulletins and admissions to dinners or programs that benefit a political party or political candidate aren’t deductible.
This includes Political Action Committees (PACs), as well. While you can’t write off campaign contributions, you can set aside $3 of your taxes to go to the Presidential Election Campaign Fund on your 1040 federal income tax return.

Political Contributions Limits 

If you still want to financially support a candidate or party, here are a few things to keep in mind when you make your contributions. According to the Federal Election Commission, an individual may donate:
  • up to $2,700 per candidate per election
  • up to $10,000 to state, district and local parties combined each year
  • up to $100,200 to a national political party, per account, per year
In addition, individual donations to issues-oriented political action committees (PACs) are capped at $5,000 per year. Of course, the most important thing you can do is free: VOTE.


Elle Martinez contributed to this post.