Are Your Political Campaign Contributions Tax Deductible?

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In addition to showing your support by voting in the 2018 election, you may have also have chosen to make a financial contribution to your candidate of choice during their campaign.

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. And 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 $101,700 to a national political party, per account, per year

In addition, individual donations to issues-orientated political action committees (PACs) are capped at $5,000 per year.

Elle Martinez contributed to this post. 

Comments (4) Leave your comment

  1. It is beginning to look like all this so called IRS scandal is really an attempt by some folks to try to shelter thier political contributions from taxation by setting up these phony Tea Party “social welfare’ organizations. I’m still waitng to see what sort of charitable work these Tea Party groups perform? Amaxing that the Republicans are making themselves the grand protectors of the tax cheaters .

  2. In India it all toghether different, Indian Income tax Act allows deduction for contribuiting to political parties which are registeted under trust act, societies act, companies act. An individual can get tax deduction u/s 80GGC of the Income Tac Act for the donations given to political parties.

    Regards
    Harshal Kulkarn

    1. So the tax law in a country on the other side of the globe is different? I already assumed that. In fact the tax law for one US state can differ from the neighboring state and the laws of the whole country can differ from neighboring countries so the fact that one particular law in the US differs from India is not a surprise.

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