Maximum contributions to a Federal Candidate

01-08-2016 | The Government (Uncle Sam)

[ShivaFan]

As everyone is getting passionate, I suppose contributions to candidates is about to rocket through your wallets (remember, however, the Obama recession is about to get ugly and some/lots of you will be losing your jobs shortly, and there will be a vast migration of Africans, North Africans and such as oil continues to slide as well and they may be other costs coming soon) ... but just a reminder if/when you pull out the credit card to donate to your favorite Promiser (and beggars):

How Much May Be Contributed

Your contributions1 to Federal candidates and committees are limited under the law. You, the contributor, and the committee to which you give are both legally responsible for making sure that your contribution does not exceed your contribution limits. The paragraphs below list the contribution limits for individuals. Contribution Limits An individual may give a maximum of:

$2,700 per election to a Federal candidate or the candidate's campaign committee.2 Notice that the limit applies separately to each election. Primaries, runoffs and general elections are considered separate elections.

$5,000 per calendar year to a PAC. This limit applies to a PAC (political action committee) that supports Federal candidates. (PACs are neither party committees nor candidate committees. Some PACs are sponsored by corporations and unions--trade, industry and labor PACs. Other PACs, often ideological, do not have a corporate or labor sponsor and are therefore called nonconnected PACs.) PACs use your contributions to make their own contributions to Federal candidates and to fund other election-related activities.

$10,000 per calendar year to a State or local party committee. A State party committee shares its limits with local party committees in that state unless a local committee's independence can be demonstrated.

$33,400 per calendar year to a national party committee. This limit applies separately to a party's national committee, House campaign committee and Senate campaign committee.

$100 in currency (cash) to any political committee. (Anonymous cash contributions may not exceed $50.) Contributions exceeding $100 must be made by check, money order or other written instrument.