Lists $2,387 in gifts from Assoc. of CA Life & Health Insurance Companies in 2025; the limit from one source is $630
The statement lists 1 gift(s) from Assoc. of CA Life & Health Insurance Companies dated in 2025, totalling $2,387. The gift limit from a single source was $630 for 2025 (Government Code 89503).
What to check
- Whether part of it was returned, or paid back, in time to not count (the filer's comments often say).
- Whether the gifts are from one source (a couple is two sources) or are of a kind the limit doesn't cover (family, wedding gifts and the like).
- The FPPC's gift fact sheet and Regulation 18940.2 for the exceptions.
Rule: Gifts from one source over the yearly limit
“The gift limit increased to $630 for calendar years 2025 and 2026. The gift limit in calendar year 2024 was $590.”Form 700 (2025/2026), What's New ✓ quoted from the saved copy · how this rule works