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Nominees from other political parties may qualify for a smaller, proportionate amount of checkoff funds if they receive more than 5% of the vote. The national parties used to receive funds to cover the costs of their national conventions. Matching funds are also given for primary candidates for small contributions.
The IRS is very clear that money contributed to a politician or political party can't be deducted from your taxes. The following list offers some examples of what the IRS says is
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 canceled check, credit card statement or receipt is proof that you made a contribution. Although political donations are not tax deductible on a federal return, you may want to keep records in ...
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]
The IRS is very clear that money contributed to a politician or political party can't be deducted from your taxes. When election season rolls around, it can seem like news and advertisements about ...
Although the political science literature indicates that most contributors give to support parties or candidates with whom they are already in agreement, [3] there is wide public perception that donors expect government favors in return [4] (such as specific legislation being enacted or defeated), so some have come to equate campaign finance ...
If the template has a separate documentation page (usually called "Template:template name/doc"), add [[Category:Politics and government templates]] to the <includeonly> section at the bottom of that page.