Charitable giving is a noble act that can materially impact the lives of others. However, savvy donors understand the value of making their contributions effectively. By leveraging Section 80G benefits, you can not only contribute to worthy causes but also minimize your tax liability. This section of the Indian Income Tax Act provides tax deduction… Read More

Give back to your society and reduce your tax burden this year by making charitable donations. A donation to a reputable charity is not only a kind gesture but also a smart financial move. When you give to a charity, you can maybe decrease your taxable income, resulting in a larger tax refund. Think about making a donation to a cause that speaks yo… Read More

typically, contributions of long-term cash gain (LTCG) assets will cause a deduction equal to your truthful market value of charity to donate furniture the property, subject matter to some 30% of AGI limitation. This rule hasn't been affected by the Tax Cuts and Employment Act (TCJA). LTCG assets is defined as house that might crank out an extended… Read More