Embarking on a philanthropic journey can be fulfilling. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can amplify your impact. Section 80G of the Income Tax Act provides a framework for eligible donations directed towards registered charitable organizations. By harnessing thi… Read More

as a way to claim the deductions, you'll want to itemize deductions on your taxes rather than professing the normal deduction. If you end up picking to go this route, be certain you keep your donation receipts. Time (not permitted): when you volunteer, You can't deduct the worth of your time. You could deduct the cost of your transportation to vol… Read More