Charitable giving can make a constructive impact on society. However, many individuals are unaware of the financial benefits available to them when they contribute to eligible institutions. Section 80G of the Indian Income Tax Act is a clause that offers significant tax relief for donations made to recognized charitable bodies. Understanding this

You can not “double dip” with QCDs, on the other hand: The amount excluded from income for a QCD cannot be claimed being an itemized deduction. Kemberley Washington is really a previous staff members writer at Forbes Advisor and offers purchaser-pleasant tax guidelines for people and firms. Her do the job goes over and above tax article conten