Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits associated with charitable donations can significantly enhance your impact. Section 80G of the Income Tax Act provides a framework for eligible donations benefiting registered charita… Read More

as a way to declare the deductions, you must itemize deductions on the taxes as an alternative to professing the common deduction. If you end up picking to go this route, ensure you maintain your donation receipts. Any unique, small business or tax-exempt Group that features a valid extension to file their 2023 federal return. The IRS me… Read More