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

Give back to your community and decrease your tax burden this year by making charitable donations. A donation to a qualified charity is not only a thoughtful gesture but also a smart financial move. When you donate to a charity, you can possibly decrease your taxable income, resulting in a larger tax refund. Explore making a donation to a cause … Read More

The car's FMV to the day of your contribution. When the automobile's FMV was much more than your Charge or other basis, you will have to lessen the FMV to determine the deductible total, as explained under In case the condition or community tax credit … Read More