ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

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

The CARES Act also created other provisions that will help charities throughout the pandemic. These incorporate higher charitable contribution restrictions for corporations, individuals who itemize their deductions, and corporations that provide foods inventory to food banks and other eligible charities. earning philanthropic items as a result of