MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial benefits through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, individuals can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only reduces your tax liability but also allocates resources

It is also superior for retirees searching for additional income, since the CRT delivers typical payments for the duration of retirement, and for philanthropists who want to help charities while enjoying instant tax deductions and estate tax benefits. A strategy called ‘bunching’ will help make certain some donors don’t miss out on out on a