Tax Write-Offs For Your Wedding

Anyone who has planned or is planning a wedding knows how expensive this memorable event can be. From the party favors to the venue – every detail matters – but the costs add up quickly. So, wouldn’t it be nice if some of these expenses were tax deductible? Well, if you plan carefully there are a few ways you can realize some blissful deductions.

Here are six ideas:

1. The Church. If you are paying a ceremony fee, it may be tax deductible. If not, the church may waive ceremony fees for members who donate at a certain level. It may be worth increasing your charitable contributions to the church to gain the benefits of a fee waiver, a tax write off, and of course a good feeling for donating to a positive cause.

2. The Venue. Think about holding a portion of your special day, such as the wedding ceremony or reception, at a historical garden, museum, or a state or national park. By doing so, the fee you pay may be deductible as a donation. Make sure to check with the chosen location for more details.

3. Flowers and Food. Once your wedding is over, have a helpful friend or family member take the leftover food and flowers to a non-profit organization, such as a homeless shelter or a women’s center. Obtain a receipt and you will be able to take a deduction for the value of the items donated. You will also feel better about not wasting food and helping others in your community.

4. The Wedding Gown. There are non-profit organizations, such as Brides Against Breast Cancer and the I Do Foundation, that will accept your gown as a donation. By donating your dress, you will help other blushing brides celebrate their special day in a dress they couldn’t normally afford. This is also true for flower girl and bridesmaid dresses, as well as candles, decorations, and supplies.

5. Wedding Favors. Instead of handing out soon-forgotten favors, make a donation to a charity on behalf of everyone in your wedding. You and your guests will be helping others while garnering yourself a tax deduction. You can even let your wedding party and other helpers choose the charities they treasure most by giving them charity gift cards.

6. Gift Registry. Create a wedding charity or gift registry through the IDoFoundation.org. Through the I Do Foundation’s Charity Registry, you can share the generosity of your guests directly with your chosen charitable cause. Using a simple system, your guests can make secure online donations in support of the organization of your choice as their wedding gift to you. By registering with WeddingChannel.com, The I Do Foundation will donate up to 3% of guests’ gift purchases to your selected charity. These donations are made at no additional cost to you or your guests.

Keep a specific file to hold receipts and contracts for these wedding write-offs. As a newlywed, you won’t want the stress of searching for the supporting documentation at tax time. Though this may take a bit more planning, you will start of your new life together in a financially and socially responsible manner. After all, nothing can build a stronger marriage than selfless giving.

Resources:
I Do Foundation
Brides Against Breast Cancer
The Charity Wedding

Newsletter Sign-Up!

Bringing big ideas to your inbox!

* = required field

powered by MailChimp!