Contributions are not deductible for federal income tax purposes. Federal Election Law requires us to report the name, address, occupation, and employer for contributions that aggregate in excess of $200 in an election cycle. Funds received in response to this invitation are subject to federal contribution limits. As a result, any contribution up to $2,500 is designated for general election. A couple may contribute $5,000, designated per person in accordance with the proceeding sentence. Federal multi-candidate PACs may contribute $5,000 for the general election. Contributions from corporations, labor organizations, federal government contractors, and foreign nationals without permanent residency status ("green cards") are prohibited.
© 2013 Abel Maldonado For Congress.