When many people consider donating money to a cause, they don’t always know where their money is best invested. Some want to know, “just where do I find a way to make a difference in a way that makes my dollars go the furthest.” That’s where political donations come in.
When you find a political candidate that you believe in and you want to make a big difference for our country, a political donation is a great way of doing it. The beautiful part of donating to a help a great candidate get elected is that you get a lot of the original donation back at the end of the tax season.
Federal political party or candidate donations apply against your taxable income on your tax return, allowing you to earn more income, tax free. Here’s the break down:
Contribuion Information may be investigated here:
As you can see above, donating to help a candidate or party you believe in goes a long way. It takes funds to run successful campaigns. Marketing costs, printing costs, travel costs, and more add up very quickly, but you can help to put quality people in office and each dollar you spend gets multiplied value and saves you at tax time.