When researching charitable contributions, understanding the tax benefits offered under Section 80G can significantly affect your decision-making process. This section of the Income Tax Act provides deductions for donations made to eligible organizations, thereby enhancing the financial impact of your generosity. By carefully selecting recipients a
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The CARES Act also created other provisions that will help charities in the course of the pandemic. These contain better charitable contribution restrictions for firms, individuals who itemize their deductions, and enterprises that provide food items inventory to meals banking institutions and other eligible charities. Money administration tipsSav