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Me: No, your donation to that political campaign cannot be deducted on your federal tax return. In fact, most political contributions are not tax deductible. Here’s why: 1/7
Me: No, your donation to that political campaign cannot be deducted on your federal tax return. In fact, most political contributions are not tax deductible. Here’s why: 1/7
To be tax-deductible, your donation must be given to a nonprofit organized under IRS Code Section 501(c)(3).
Private schools, Churches, after-school youth programs and other literary, scientific and charitable organizations are include within this code section. 2/7
Private schools, Churches, after-school youth programs and other literary, scientific and charitable organizations are include within this code section. 2/7
501(c)(3) organizations are also known as “public charities.” Public charities CANNOT endorse a candidate for office. Doing so can jeopardize their tax-exempt status.
(Let’s hope Kanye’s Sunday Service was not legally organized as a Church...yikes!)
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(Let’s hope Kanye’s Sunday Service was not legally organized as a Church...yikes!)
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Public charities can engage in limited types political activity. Permissible activities can include:
-Lobbying
-Nonpartisan voting registration
-Promoting public policy
-Educating voters
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-Lobbying
-Nonpartisan voting registration
-Promoting public policy
-Educating voters
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Public charities also have lobbying expenditure limits. Nonprofits that intend to exceed these limits are usually organized under section 501(c)(4).
Donations to 501(c)(4)s are NOT tax deductible.
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Donations to 501(c)(4)s are NOT tax deductible.
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Focus on the Family and Planned Parenthood are examples of nonprofits with a separate 501(c)(4) to engage in significant political activity...
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...all that to say - donate to causes you care about. Your financial support makes a difference! BUT, keep in mind the tax implications of that donation 
.
https://www.thelittlecpa.com/post/the-political-nonprofit
This thread was provided for informational purposes only.
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.https://www.thelittlecpa.com/post/the-political-nonprofit
This thread was provided for informational purposes only.
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