AMPLIFYING YOUR GENEROSITY: SECTION 80G AND CHARITABLE CONTRIBUTIONS

Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can significantly enhance your impact. Section 80G of the Income Tax Act provides a framework for eligible donations benefiting registered charitable organ

Estate tax approaches—The federal estate tax can be a tax over the transfer of one's property at your death. In 2024 the estate and gift tax exemption is $thirteen.61M per particular person, so fewer estates will probably be matter to this tax. Time (not permitted): in the event you volunteer, You can't deduct the Comparison value of your time a