Personal Income Tax Planning with the Right Donations and Tax Savings

Abstract

This academic article aimed to present a form of personal income tax. How to plan your tax with helpful contributions including tax benefits related to donations, and how do they compare the results of tax planning with non-donation tax planning?  And can choose a useful donation method that makes tax payment accurate, complete, and tax saving. These donations are deductible as a tax deduction. Including the donation also shows the sacrifice to help society. Therefore, taxpayers must first examine whether there are any taxes payable in that tax year or not. By testing personal income tax calculations before closing the tax year check the organization that wants to donate according to the tax law. Choose a donation that receives 2 times tax benefits twice first, and select donations through the electronic donation system (e-Donation) to facilitate donations. There is no need to collect evidence of donations as well. This article will help personal income taxpayers understand the methods, procedures, processes, and tax calculations and be able to plan personal income tax, choose to use tax law benefits with the proper donation Save even more on tax payments.