PAC Contributions

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Payments, contributions or gifts to the Florida Institute of CPAs or the Florida CPA/PAC are not deductible as charitable contributions for federal income tax purposes. However, FICPA dues payments may be deductible as an ordinary and necessary business expense subject to restrictions imposed as a result of lobbying activities. The FICPA estimates that 5% of your dues are not deductible because of the FICPA's lobbying activities on behalf of its members.

Voluntary Contribution to the Florida CPA Political Action Committee, Inc. (Florida CPA/PAC)

Included as part of your dues is a contribution to a Florida CPA/PAC. The Florida CPA/PAC contribution amount shown on the dues bill is a suggested amount based on your years certified or your membership category. As with your membership dues, personal and/or business contributions are accepted. If a member does not want to make a contribution, he or she should deduct the suggested contribution from the total shown on the bill. In addition, it must be emphasized that contributions or dues to a Florida CPA/PAC are voluntary and are not a requirement for membership in the FICPA. Political contributions are not deductible for federal income tax purposes.

Florida CPA/PAC membership categories are as follows:
TRENDSETTER: A contribution of $500
PACESETTER: A contribution of $250
COMMITTEE OF 100: A contribution of $100
SUSTAINING: A contribution of $50
ACTIVE: A contribution of $25