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 reduce your tax liability. This section of the Indian Income Tax Act provides tax deductions … Read More

Give back to your community and reduce your tax burden this year by making generous donations. A donation to a legitimate charity is not only a kind gesture but also a smart financial move. When you donate to a charity, you can possibly reduce your taxable income, resulting in a larger tax refund. Consider making a donation to a cause that resonate… Read More

The motor vehicle's FMV around the date of the contribution. When the car or truck's FMV was over your cost or other foundation, you'll have to decrease the FMV to determine the deductible sum, as described beneath When the competent Business will provide the motor vehicle, or sell it for just a rate very well underneath FMV, into a needy individu… Read More