Wednesday, January 25, 2017

Tax Deductible Wedding Expenses: Say "I Don't" To The Tax Man

At Things Festive, we believe that saving money can be a beautiful thing.   Tax season is underway so if you got married in 2016, here are some tax deductible wedding expenses that you may not have considered.

If you're still in the wedding planning stages, use the information below when selecting vendors for your celebration of love.   This will help you to have the wedding of your dreams and keep Uncle Sam from dipping too far into your wallet.



VENUE

Have your heart set on tying the knot at a historical residence, garden, or museum?   How about a national or state park?   Before booking, check with the venue to see if the rental fee can be deducted as a donation.

FLOWERS & FOOD

Once the festivities have ended, have someone transport any leftover food and floral arrangements to a homeless or women's shelter.   Not only will you get a warm, fuzzy feeling from helping someone in need but you could also deduct the value of the donated items.

WEDDING DRESS

Your wedding dress purchase provides opportunities for helping others in need and lowering your tax bill.   Feel free to get totally glam on your Big Day and know that you'll feel pretty inside, too.   Donate your dress to a nonprofit such as Brides Against Breast Cancer.    Flower girl and bridesmaid dresses can be donated as well.

WEDDING FAVORS

Make a donation to your favorite charity in honor of your guests or in memory of a loved one.   Such a wonderful way to help others!   A favor card at each guests' place setting will inform guests of the special donation favor.

GIFT REGISTRY

Create your wedding gift registry at IDoFoundation.org and up to 10% of all gift purchases will be donated to your charity of choice.


Hold on to all receipts and contracts so that your expenses are well documented.    Consult a tax professional if you're unsure of an expense's deduction status.




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