Securing financial advantages 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 non-profits. This provision not only reduces your tax liability but also allocates resourc

"That can help you lower your taxable income," claims Ed Slott, a CPA who educates money advisers on IRA and retirement organizing approaches. It's also possible to claim a charitable deduction, assuming you are able to itemize inside the calendar year you donate. It’s that time of yr when taxpayers are thinking about how they wish to give again