Securing financial benefits through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible organizations . This provision not only minimizes your tax liability but also directs resource… Read More

Estate tax approaches—The federal estate tax is often a tax around the transfer within your residence at your death. In 2024 the estate and gift tax exemption is $thirteen.61M for every personal, so much less estates are going to be topic to this tax. In case the couple ‘bunched’ their charitable deduction in its place, earning two several y… Read More