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The Senate Conservatives Fund (SCF) is a United States political action committee (PAC) that supports conservative Republican Party candidates in primaries and general elections. The SCF primarily focuses on supporting United States Senate candidates. The PAC was founded by then-U.S. Senator Jim DeMint of South Carolina in 2008.
Under United States tax laws, political donations are not tax deductible. There is an interest to keep political interests and public funds separate. Businesses are also not allowed to deduct ...
Contributions, donations or payments to politicians or political parties, including a campaign committee, newsletter fund, advertisements in convention bulletins, admission to dinners or programs that benefit a political party or political candidate and a political action committee (PAC), are not tax-deductible from income taxes. [1]
A 527 organization or 527 group is a type of U.S. tax-exempt organization organized under Section 527 of the U.S. Internal Revenue Code (26 U.S.C. § 527).A 527 group is created primarily to influence the selection, nomination, election, appointment or defeat of candidates to federal, state or local public office.
Republicans who control the U.S. House of Representatives are trying to overcome internal differences on how to pay for President Donald Trump's sweeping tax cuts, with hardline conservatives ...
And she, along with other New York Republicans, are demanding a more generous deduction on state and local tax breaks after the GOP’s 2017 tax law capped the SALT break.
Page from the Congressional Record containing a transcript of the passage of the amendment. Paragraph (3) of subsection (c) within section 501 of Title 26 (Internal Revenue Code) of the U.S. Code (U.S.C.) describes organizations which may be exempt from U.S. Federal income tax. 501(c)(3) is written as follows, [4] with the Johnson Amendment in bold letters: [5]
When the owner of a donor-advised fund makes a gift to the fund, it can create an immediate tax deduction to apply against current income. The deduction for a gift made in cash is limited to 60% ...