ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial perks through charitable donations is a noble endeavor that fosters 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 reduces your tax liability but also channels resources

Estate tax procedures—The federal estate tax can be a tax on the transfer of your property at your death. In 2024 the estate and present tax exemption is $thirteen.61M for each personal, so less estates will likely be subject matter to this tax. The recipient charity must be a qualified Business below federal tax legislation for your charitable