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 organizations . This provision not only lowers your tax liability but also allocates resources

The CARES Act also manufactured other provisions to assist charities in the pandemic. These involve larger charitable contribution limits for corporations, individuals who itemize their deductions, and firms that provide food stuff stock to food items banking institutions and also other qualified charities. The legislation now permits electing per