Contributions are not deductible as charitable contributions for federal income tax purposes. Contributions from corporations, business entities, labor unions, professional associations, or insurance companies are prohibited. An individual may contribute $5,200 per election. Couples may contribute $5,400 per election from a joint account, but such a contribution requires both signatures.
All contributors contributing over $50 for the election must be reported with the full name of the contributor, the address, employer and occupational information.