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IRS says political contributions may be tax deductible
The IRS outlines deductions or credits for 1975 political contributions including cash gifts to candidates or committees up to $100 single and $200 joint, with credits of half the amount up to $25 or $50. Ticketed fundraisers and events may qualify, while raffle tickets do not. Keep receipts to substantiate claims.
MENTIONED IN THIS ARTICLE
Wichita
Kansas
Internal Revenue Service
IRS
Maurice E. Johnson
Johnson