ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial advantages through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, contributors can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only lowers your tax liability but also channels resources

Estate tax approaches—The federal estate tax is often a tax about the transfer of one's residence at your Demise. In 2024 the estate and gift tax exemption is $thirteen.61M Resources per individual, so less estates will probably be matter to this tax. The law now permits electing people to apply an increased Restrict ("greater unique Restrict"),