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I donated money to the Trump make america great again fund. It is deductable?

 
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MichaelMc
New Member

I donated money to the Trump make america great again fund. It is deductable?

Unfortunately, no.

In addition to showing your support by voting in the 2016 election, you may have also chosen to make a financial contribution to your candidate of choice during their campaign. 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 can’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 aren’t deductible.
This includes Political Action Committees (PACs), as well. While you can’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.


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1 Reply
MichaelMc
New Member

I donated money to the Trump make america great again fund. It is deductable?

Unfortunately, no.

In addition to showing your support by voting in the 2016 election, you may have also chosen to make a financial contribution to your candidate of choice during their campaign. 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 can’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 aren’t deductible.
This includes Political Action Committees (PACs), as well. While you can’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.


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