How Is the Money I Give On My Taxes to A Political Party Used?

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How Is the Money I Give On My Taxes to A Political Party Used?

GOP Tax Time Funding Request

GOP Tax Time Funding Request

In Boyle County

We have done an amazing job of growing the party over the last couple years. Cheers to each and every one of our conservative folks in Boyle County! There is a way that all these extra new Republicans can help us to continue our good work here… by checking the box on your State Tax Return. Last year, approximately 250 people did so, this year, since we added hundreds more to our Republican rolls… we hope to have at least double that number.

So, if you haven’t already done so, please be sure to “check” the Republican box on your return.

Here’s how it works:

Giving To a Political Party On Your State Return

If you check the YES box on your Kentucky State Income Tax Return, that money will be used to support your party of choice locally. $1.50 will go to the state political party and fifty cents will go to the county political party where you reside.

  • Spouses can designate $2 each on joint returns.
  • Checking this box does not increase your tax owed.
  • Checking this box does not reduce the amount of your refund.

For more information on this, see the instructions for your State Tax Return.

Giving To a Political Party On Your Federal Return

If you check the YES box on your federal tax return in response to the question, “Do you want $3 of your federal tax to go to the Presidential Election Campaign Fund?” – that money will go to the Presidential Election Campaign Fund. Every four years (the election cycle for President), the federal government distributes money from this fund to National Party Committees and to qualified Presidential candidates for use in the Presidential Elections.

Checking “yes” does not reduce the amount you get on a refund and it does not increase your tax burden — it is a way to designate how your tax dollars will be used.

  • Presidential Nominees from the Republican and Democrat parties receive a fixed amount of the money marked for this fund and Nominees from other political parties can receive smaller amounts from this fund if they are able to secure 5% or more of the vote.
  • Primary Candidates – Presidential primary candidates can get matching dollars from this fund for monies they raise.
  • The Party National Conventions receive funds to cover the cost of their conventions to select their Presidential candidates.

For more information on how these federal “checkbox” funds are used, visit the Federal Elections Commission site.

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