|CNN's Kevin Liptak
Washington (CNN) - Candidates running for federal office should expect slightly larger donations during the next election cycle.
The Federal Election Commission announced today that it is increasing the amount individuals can contribute to political campaigns and national parties.
Individuals may now contribute $2,500 to each candidate per election, up from $2,400 during the 2010 midterm elections.
A person may also contribute $30,800 per year to a national party, an increase of $800.
In total, individuals are permitted to donate up to $117,000 to candidates and parties over a two-year period.
The FEC increases contribution limits every two years to reflect inflation.