MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial benefits through charitable donations is a noble endeavor that promotes 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 channels resources

Estate tax strategies—The federal estate tax is really a tax to the transfer within your home at your Demise. In 2024 the estate and present tax exemption is $13.61M for every particular person, so much less estates will be subject to this tax. The law now permits electing people today to use an elevated Restrict ("improved particular person Lim