Political Donation Tax Deduction

Tax deductions for charitable donations can provide a welcome tax break for many taxpayers. It is important to keep accurate records of the donations you make throughout the year. Keep in mind that you cannot deduct any charitable organizations unless you use a Schedule A to itemize. It is also important to make sure that any organization you are donating to is a qualified organization for federal income tax deduction purposes. Taxpayers are often surprised by some of the organizations that do not qualify for income tax deduction.

Political Donations

Contributions to political parties, organizations and campaigns are not tax deductible.

Foreign Charities

Contributions to foreign charities and governments are not deductible.

Business Organizations

You may not deduct as a charitable contribution dues or contributions to a chamber of commerce, labor union, homeowners' association or any other business organization.

For Profit Organizations

You may not deduct contributions made to for profit organizations including hospitals and schools.

Time

If you volunteer for a charitable organization, you may not deduct the value of your time as a charitable donation.

Benefit Received

You may not deduct any donation or contribution for which you received something in return, For example, you may not deduct a fee paid to be included in a directory published by a nonprofit college or organization.

Resources

• IRS Guidelines for Charitable Donation Deductions
• IRS List of Eligible Organizations