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

July, 08 2015 by Dave Du Val, EA

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 a 501(c)(3) nonprofit organization that champions a cause 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