When you filed your tax return last spring, did you check off the “Presidential Election Campaign” box on the Form 1040? Didn’t think so.
Hardly anyone did. Indeed, the share of tax filers who check the box to contribute $3 for presidential campaigns has plummeted in recent decades. And because so few candidates in recent years take the money, a portion of the accumulated contributions is being used to fund medical research for children. You probably didn’t know that, especially since the Form 1040 says “Presidential Election Campaign,” and not “Presidential Election Campaign/Pediatric Research.”