Tax Plays for Your 2022 Midterm Election Contributions
Midterm elections are looming and the stakes are especially high. Control of both houses of Congress is in play, and issues like abortion, gun control and inflation are invigorating voters as well.
For Americans considering political donations, it is important to know about tax breaks for them. Lots of money is involved: Spending on federal contests this cycle will likely exceed the $6.7 billion spent on the 2018 midterm elections, according to OpenSecrets, a nonpartisan group that tracks political spending.