I've donated money to my favorite political campaign. Can I deduct it?

July 08, 2015 by Dave Du Val, EA
path going through forest

Hey Dave,

I want to donate to my favorite politician’s 2016 campaign for our state’s House of Representatives. She is the only candidate who believes what I believe about saving the environment. Are there limits to how much I can deduct?

Justine

 

Justine,

The short answer is zero, and that is because contributions made directly to political campaigns, political candidates and political parties are not allowable deductions on your tax return. And while this might be a disappointment to you, don’t let it stop you from contributing to a campaign that you believe in.

Another option to consider would be contributing to 501(c)(3)nonprofit organization that champions a cause that you wish to support, such as an ocean protection or wilderness preservation group. Visit the Exempt Organizations Select Check Tool to verify that a specific organization is eligible to receive tax-deductible charitable contributions.

Deductibly Yours,

Dave

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David E. Du Val, EA
Chief Compliance Officer for TRI Holdco

 

Dave Du Val, EA, is Chief Compliance Officer for TRI Holdco. Inc., the parent company of TaxAudit, and Centenal Tax Group. A nationally recognized speaker and educator, Dave is well known for his high energy and dynamic presentation style. He is a frequent and popular guest speaker for the California Society of Tax Consultants, the California Society of Enrolled Agents and the National Association of Tax Professionals. Dave frequently contributes tax tips and information to news publications, including US News and World Report, USA Today, and CPA Practice Advisor. Dave is an Enrolled Agent who has prepared thousands of returns during his career and has trained and mentored hundreds of tax professionals. He is a member of the National Association of Tax Professionals, the National Association of Enrolled Agents and the California Society of Enrolled Agents. Dave also holds a Master of Arts in Education and has been educating people since 1972. 


 

Recent Articles

Tax Audit written on financial paper
A tax professional spends four to ten or more hours per audit - think of the time and stress you could save yourself if you purchase pre-paid audit defense.
1040 tax return with Passport and $100 bill
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Tax Professional holding up a Calculator
Full Audit Representation through an Audit Defense Membership, is included at no additional cost. Other tax experts charge roughly $150/hour for representation.
people running on treadmills in a gym
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