donations to super pacs tax deductible irs
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 canâ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 arenât deductible. This includes Political Action Committees (PACs), as well. While you canâ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.