Never had a client come in with a donation to one of the 2 major political parties. Wants to deduct as a charitable contribution.... Look thru TTB could locate nothing about it.
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No can do. Contributions to political parties are not allowed.Dave, EA -
Some states have political credits
Although there is no federal deduction or credit, some states do have such a credit. For example, in Oregon, singles taxpayers can take a credit up to $50 and it's $100 for MFJ if a contribution is made to a political party, PAC or candidate.Comment
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Virginia also has this rule.Comment
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Ohio also has a similar credit. You can deduct $50 for Single, HOH, MFS of $100 MFJ for contributions to State wide political races, canidates or parties.Comment
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To certain
persons, not local candidates, in Minnesota you get up to $100(married) refunded. Now, I see the new Congress wants that stopped. Actually it had stopped itself also, state does not have the money. Had a client in a sales tax audited he ended up with a small refund due. At the exit interview the auditor said I have no idea when you will receive this. Welcome to Minnesota guys.Comment
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Political donations were deductible up until sometime in the late 70's.In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
Alexis de TocquevilleComment
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