Should you Check the Presidential Election Campaign Fund Box on the 1040 Tax Form?

Most taxpayers who have filed their own taxes are probably somewhat aware of the “Presidential Election Campaign Fund”. In the most recent version of HR Block’s online tax filing survey, for example, you are prompted to voluntarily select a box for yourself (and your spouse if filing jointly) that says “I want to designate $3 to the Presidential Election Campaign Fund.” And on the new (post-tax reform) IRS 1040 form, you will see the Presidential Election Campaign Fund option on the middle, right side of the form: But how many people truly know what the...

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