Deductions on donations under section 80g
Charitable giving is a noble act and one that can offer tax benefits as well. Did you know you can claim deductions on donations made to qualifying organizations, up to 80% of your adjusted gross income (AGI)? That is right: by donating to a qualified charity, you can reduce the amount of taxable income you report on your return. In this article, we will tell you everything you need to know about claiming deductions on donations under 80g.
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