The 2026 midterm elections are about six months away, so you may be thinking about donating money to political campaigns. It’s important to remember that contributions to candidates, campaign committees (including political action committees or PACs), political parties and groups seeking to influence legislation aren’t tax deductible. You’re also prohibited from deducting admission to dinners or events that help fund these individuals and organizations. What’s more, you can’t deduct in-kind donations to support candidates, parties, committees or legislation. These rules apply to both individual taxpayers and businesses. Contact us for more information.
