Contributions are not tax deductible as charitable contributions for federal income tax purposes.
Contributions of up to $10,000 from individuals will be deposited in the federal account for use in federal elections. Contributions are not tax deductible as charitable contributions for federal income tax purposes. Contributions by corporations, foreign nationals (non-green card holders), labor unions, federal government contractors, and minors under the age of 18 are prohibited.
A partnership or limited liability company may not contribute as an entity. However a check from a partnership or limited liability company may be accepted so long as it is accompanied by a letter allocating the contribution to the individual partner(s) or member(s) and is signed by each contributing partner or member. The letter must include each contributing partner’s home address. A partner’s total contribution, through the partnership and personally, cannot exceed the $10,000 annual limit.
Federal Election Law requires political committees to report the name, mailing address, occupation and name of employer for each individual whose contributions aggregate in excess of $200 in a calendar year.
Corporate contributions are prohibited.