Donating Stock to Charity: What You Need To Know Before You Give
When it comes to donating stocks, the key to maximizing the tax advantages comes down to whether or not your investment is ...
Nonprofits worry proposed tax deduction cap could threaten charitable donations
As nonprofits across Massachusetts face uncertainty over the future of federal funding, some are also expressing concern over ...
Equilisation point for tax-savings under old and new tax regime
Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...
Would you donate more if you could deduct it on your taxes? Congress can help. | Opinion
Recent changes in tax law have made it less financially beneficial to donate to charity, putting the donations that ...
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Donating Stock to Charity: What You Need To Know Before You Give
Instead of giving cash, you can donate appreciated stocks, avoid capital gains taxes and still claim a tax deduction for the full value of the donation. Plus, charities can sell the stock tax-free ...
Why is the income tax department messaging political donors?
Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations ...
Daily Hampshire Gazette1d
Nonprofits see threat in Healey plan to implement tax deduction cap for charitable donations
As nonprofits across Massachusetts face uncertainty over the future of federal funding, some are also expressing concern over ...
Berkshire Eagle4d
Rattled by Trump chaos, nonprofits worry that Gov. Healey's tax deduction cap will further chill giving
"We need charitable giving to go up, not down. So the governor's proposal raises a lot of concerns," said Jim Klocke, CEO of ...
Used donation to a political party for income tax deduction? IT dept is sending warning SMS; if it was a mistake file ITR-U by March 31, 2025
The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed section 80GGC deduction.
Coalition MP’s food donation tax break could cost hundreds of millions
Treasury says the proposed deduction for charitable food donations could lead to companies pocketing millions for donations already being made.