Contributions or gifts to Biden Victory Fund are not tax deductible.
Biden Victory Fund accepts contributions of up to $721,300 from a person and $345,000 from a multicandidate committee (“PAC”).
The first $2,800/$5,000 from a person/PAC will be allocated to Biden for President.
The next $35,500/$15,000 from a person/PAC will be allocated to the DNC.
The next $150,000/$75,000 from a person/PAC will be split equally among the Democratic state parties from: AZ, CO, FL, GA, MI, MN, NC, NE, NH, NV, OH, PA, TX, VA, and WI.
The next $110,000/$55,000 from a person/PAC will be split equally among the Democratic state parties from: AL, DE, KS, LA, MA, MD, MS, NJ, NY, VT, and WV.
The next $210,000/$105,000 from a person/PAC will be split equally among the Democratic state parties from: AK, AR, CT, DC, HI, ID, IN, KY, ME, MO, MT, ND, NM, OK, OR, RI, SC, TN, UT, WA, and WY.
Any additional funds will be allocated to the DNC.