Are campaign loans tax deductible?

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Are campaign loans tax deductible?

2007-02-13 09:05:35 · 3 answers · asked by sjbp41 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

3 answers

If the contribution is paid directly to the politician's campaign, no. However, there are many groups that are founded as a nonprofit that you can get a charitable contribution deduction for your contribution, and they in turn use the money to help a particular candidate's campaign (i.e. the swift boat veterans, etc. from the 2004 presidential campaign).

2007-02-13 09:13:42 · answer #1 · answered by jseah114 6 · 0⤊ 0⤋

Political campaigns? No,

2007-02-13 17:10:03 · answer #2 · answered by Judy 7 · 0⤊ 1⤋

Noooo!!!

2007-02-13 17:12:45 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋