Securing financial advantages through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, contributors 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 resource… Read More

The CARES Act also made other provisions to help charities in the pandemic. These consist of better charitable contribution limitations for corporations, individuals who itemize their deductions, and organizations that give food stuff stock to foods banks along with other qualified charities. As of 2023, the deduction for foods inventory is fiftee… Read More