Securing financial perks through charitable donations is a noble endeavor that encourages 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 lowers your tax liability but also directs resources to… Read More

"That will allow you to reduce your taxable income," states Ed Slott, a CPA who educates economic advisers on IRA and retirement organizing tactics. It's also possible to declare a charitable deduction, assuming you'll be able to itemize during the 12 months you donate. A study carried out by Fidelity Charitable discovered that about 67% of donors… Read More