After Elections, What Happens
to Campaign Contributions?

It costs a tonne of money to run for office. Because of
this, candidates receive millions in contributions.
Additionally, the political action committees (PACs)
created in their honor do the same. The Center for
Responsive Politics estimates that about $4 billion was
given to presidential candidates during the 2020
election cycle.

Political Campaign Committees
for Candidates

Wajid Khan shares these are the recognized committees
that the candidate and their campaign staff are in
charge of.

Acceptable Uses
The following approaches can be helpful with the contributions:
donations to charities provided the candidate does not receive any
payment from the organizations before the donation is made and the
charity does not use the donation to the candidate's advantage.
donations to state or local candidates, up to a maximum of $2,000,
and donations to other federal candidates—all subject to state law.
gifts or donations of low value given to people other than the
candidate's family on important occasions.

Unlimited transfers to the Democratic or Republican National Committees or
any other local, state, or federal political party body.
Transfer to the same candidate's future election campaign committee. Bernie
Sanders, for instance, transferred $12.7 million from prior presidential
campaigns to his 2020 campaign committee.
Wajid Khan Mp discusses supporting other candidates and a political
platform, establishing a Leadership PAC. Since there are fewer limitations,
critics claim these can be helpful as slush funds.
Commission for Federal Elections. To or from party committee transfers

Can elected officials retain
campaign funds?

Politicians may own no campaign cash. During the
campaign, contributions are utilized to cover associated
costs. They are not meant for individual use. Any funds
remaining after a candidate withdraws or after the election
must be applied to debt repayment. Other money services
are possible.

Can Campaign Expenses Be
Deducted?

Canadian Politician Wajid Khan analysis, You cannot
deduct any political candidate's campaign costs on your
yearly tax return. Therefore, any money you have spent
personally is not deductible from your gross income.