ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial perks through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, contributors can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only minimizes your tax liability but also allocates resources

The CARES Act also created other provisions to aid charities throughout the pandemic. These include larger charitable contribution restrictions for companies, individuals who itemize their deductions, and organizations that provide foodstuff inventory to food items banking companies and other qualified charities. Test your inbox quickly for handy