Show Political Contributions j Contributions made during 1974 to a political candidate or campaign committee may qualify for a deduction or credit against federal income Roland V. IRS District Director for FOR QUALIFIED political the tax law permits an itemized deduction of up to on a joint or a credit that will reduce your tax by one-half of the contribution up to on a joint Wise can claim the credit even if they take the standard Wise the other to claim a deduction for a campaign they must itemize all he ADDITION to cash paid directly to a candidate or political contributions that qualify for the deduction or credit include tickets to political fund-raising dinners and parties devoted primarily to political speeches or Wise raffle tickets purchased in connection with political fund raisers do not qualify for M deduction or credit 9 Wise pointed out tM taxpayers should records such as a or a canceled substantiate the deduct |