AMPLIFY YOUR TAX REFUND WITH CHARITABLE GIVING

Giving back to your community can also give you a financial boost. By making charitable contributions, you are eligible for a tax deduction that may substantially reduce your overall tax liability. To maximize your tax refund through charitable giving, consider these tips: * Give to registered charities to ensure your contribution is eligible for

According to the IRS, charitable income contributions are usually limited to sixty% of a taxpayer's adjusted gross income. area 80G in the Indian Income Tax Act delivers tax deductions for charitable donations. Donations to particular funds are usually not suitable for deductions from FY 2023-24. Different types of taxpayers can declare deductions