AMPLIFYING YOUR CONTRIBUTIONS: CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial advantages through charitable donations is a noble endeavor that promotes 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 charities . This provision not only lowers your tax liability but also channels resources

Estate tax approaches—The federal estate tax is often a tax over the transfer of the house at your Demise. In 2024 the estate and gift tax exemption is $13.61M for every person, so fewer estates might be issue to this tax. However, there are several policies and rules bordering tax-deductible charity donations, which you need to pay attention to