Embarking on a philanthropic journey can be fulfilling. While the desire to contribute is commendable, understanding the nuances of tax benefits associated with charitable donations can boost your impact. Section 80G of the Income Tax Act provides a framework for eligible donations made to registered charitable organizations. By leveraging this … Read More

You cannot “double dip” with QCDs, nonetheless: The amount excluded from income for a QCD can not be claimed being an itemized deduction. remember you should acquire your to start with RMD for your calendar year where you get to the required age. on the other hand, for the very first yr only, you could delay having the RMD until April on… Read More