Securing financial advantages through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible organizations . This provision not only reduces your tax liability but also directs resourc… Read More

The CARES Act also produced other provisions to help charities through the pandemic. These incorporate higher charitable contribution boundaries for corporations, individuals who itemize their deductions, and businesses that give foods inventory to food items banking institutions and other eligible charities. The recipient charity needs to be a ce… Read More