4-What is the tax credit for a political contribution?

Beginning January 1, 2016, the maximum annual credit is $650 which results from a contribution of $1,275 or more.

The credit amount is calculated as the sum of: 

  • 75% of the first $400 of contributions
  • 50% of the next $350 of contributions
  • 33.33% of the next $525 of contributions
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