Charitable giving is a noble act that can greatly impact the lives of others. However, savvy donors understand the importance of making their contributions effectively. By leveraging Section 80G benefits, you can not only support worthy causes but also reduce your tax liability. This section of the Indian Income Tax Act provides fiscal benefits for… Read More

Give back to your community and minimize your tax burden this year by making tax-deductible donations. A donation to a qualified charity is not only a kind gesture but also a smart financial move. When you donate to a charity, you can maybe decrease your taxable income, resulting in a larger tax refund. Think about making a donation to a cause that… Read More

commonly, contributions of extensive-expression funds gain (LTCG) residence will lead to a deduction equal towards the truthful market place worth of the assets, subject into a 30% of AGI limitation. This rule hasn't been impacted from the Tax Cuts and Employment Act (TCJA). LTCG house is defined as house that might crank out an extended-expression… Read More