If I donate 1000 to the democratic party, do I get any special tax deduction or anything?
(can you tell I am doing research here?)
Thanks!
If I donate 1000 to the democratic party, do I get any special tax deduction or anything?
(can you tell I am doing research here?)
Thanks!
So, you want to give 1000 to save a few bucks on your taxes, by giving to the DEMOCRAT party??? Why, so they repeal the tax cut you just got?
But anyway, for your original question: No. Your contribution is not tax-deductible as a charitable contribution for Federal income tax purposes.
Donations to Political Parties, Political Action Committees and to individual canidates are not deductible for Federal Taxes. I don’t believe they are deductible for any State Taxes either, but there may be some exception.
To relate this to your other thread, political organizations are classified as 501©(2) - which is a non-exempt classification.
Whoops. That would be entirely incorrect. Here’s the link of the 501 section of the tax code: