Securing financial benefits through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax charitable to donations Act, individuals can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only reduces your tax liability but

"That will let you decrease your taxable income," claims Ed Slott, a CPA who educates economic advisers on IRA and retirement setting up techniques. It's also possible to assert a charitable deduction, assuming you could itemize in the calendar year you donate. so that you can declare the deductions, you need to itemize deductions in your taxes as