Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits associated with charitable donations can significantly enhance your impact. Section 80G of the Income Tax Act provides a framework for eligible donations benefiting registered charitable
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Your tax-deductible donations can include mileage you push to charitable occasions and volunteer chances, or mileage you accustomed to bring products to your donation internet site. Though in recent years the tax code permitted an individual to claim the regular deduction and also deduct as many as $300 of contributions, ($600 on joint returns), t