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 non-profits. This provision not only minimizes your tax liability but also directs resources t

three. Donate house merchandise If you want to save money on taxes, be charitable, and cleanse out your basement at the very same time, you may want to consider donating residence products. In addition, for those who itemize deductions, you may also take a charitable deduction for the good market place value of the asset when it had been donated,