Charitable giving is a noble act that can significantly impact the lives of others. However, savvy donors understand the value of making their contributions effectively. By leveraging Section 80G benefits, you can not only support worthy causes but also minimize your tax liability. This section of the Indian Income Tax Act provides tax deductions f

You can not “double dip” with QCDs, having said that: The amount excluded from income to be a QCD can't be claimed as an itemized deduction. For retirees planning to depart an inheritance to the spouse or family members, it could be improved to go after a professional charitable distribution, as appreciated property in the taxable brokerage ac