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Curmudgeon

2019 Political Contributions & Tax Credit

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Suppose I contribute $1,600 to a federal party and another $1,600 to the constituency association.

1. I assume that my maximum tax credit is $625 not $625 per $1,6000 for a total of $1,300. Right?

2. If it is just $625, then there is no incentive to report $3,200 since that will probably only bring an audit request to send in the paperwork to prove I didn't over-contribute to either group. Right?

Any suggestions appreciated.

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