HARNESSING TAX BENEFITS: UNDERSTANDING SECTION 80G CHARITABLE DONATIONS

Charitable donations are a powerful way to support causes you care about. But did you know that these contributions can also offer significant tax benefits? In India, Section 80G of the Income Tax Act provides numerous deductions for gifts made to eligible charities. To effectively exploit these tax benefits, it's essential to grasp the intricaci

Contributions of capital achieve property subject to your limit based on twenty% of AGI. Deduct the contributions that don’t exceed the scaled-down of: you'll be able to check with any Business whether it's a certified Firm, and most should be able to let you know. It's also possible to Check out by about to IRS.gov/TEOS. This online Device will