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

Estate tax methods—The federal estate tax can be a tax around the transfer of your assets at your Dying. In 2024 the estate and gift tax exemption is $thirteen.61M for every unique, so fewer estates are going to be issue to this tax. The recipient charity has to be a qualified Firm beneath federal tax regulation for the charitable contribution