Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits linked with charitable donations can boost your impact. Section 80G of the Income Tax Act provides a framework for eligible donations directed towards registered charitable organizations… Read More

in an effort to claim the deductions, you should itemize deductions with your taxes rather than boasting the typical deduction. If you choose to go this route, make certain you maintain your donation receipts. For retirees looking to go away an inheritance to the partner or relations, it could be greater to go after a qualified charitable distribu… Read More