Form 1040 Presidential Campaign Funds Donation
On Page 1 of the Form 1040 tax return, the following question is posed to the taxpayer:
Presidential Election Campaign
"Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund"
So what does this mean? Should you check the box?
By checking the box "Yes" you are allocating a portion of taxes you owe to the presidential campaign, rather than the general tax pool.
This does NOT impact the taxes you owe or your tax refund, so rest assured!
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