It's almost the end of the year which means time is running out to use your political tax credit.
The Political Tax Credit allows a married couple to contribute up to $100 -- a single person can contribute up to $50 -- to a qualified political cause and receive the full amount of their contribution back as a credit on their Oregon tax return.
Please note, this is not a tax deduction like your home mortgage interest deduction or contributions to a charity. This is a dollar-for-dollar credit. In other words if your total state taxes for 2004 were $500 and you made a political contribution to a qualified political committee of $100, you would only pay $400 in taxes.
Give $100 to your favorite conservative group or give it to Ted Kulongoski to hire a diversity manager. Your choice.
Some suggestions for how Daniel uses his tax credit:
Oregon Firearms Federation (make sure you select Political Action Committee)
Oregonians for Immigration Reform
NOTE: Make your donation now and during Christmas dinner you can tell your liberal relatives how you are keeping $100 away from the public schools and the poor!