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Contributions from political committees are not eligible for matching funds. Cash contributions are also ineligible, as their origins cannot be tracked. Eligible candidates may receive public funds equaling up to half of the national spending limit for the primary campaign, although because of the donors that give up to the $2,300 limit, they ...
Political donations are not tax deductible under United States tax laws. However, certain states may allow for a tax deduction. The donation has to be to a state level campaign or party.
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
Form 1023 is a United States IRS tax form, also known as the Application for Recognition of Exemption Under 501(c)(3) of the Internal Revenue Code. It is filed by nonprofits to get exemption status. It is filed by nonprofits to get exemption status.
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. ... it can seem like news and advertisements about political campaigns ...