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Your Tax Deductible Wedding By: Loretta Legend  |
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With tax day come and gone it seemed only to appropriate to talk about how you can make your wedding tax deductible. Now that doesn’t mean you can invite a long list of business clients and expect to deduct those costs, but at the same time, there are some areas of your wedding that do open up the possibility of tax deductions. Take a look at the following suggestions:
Left over food is usually discarded or just wrapped up and taken home by the caterers, but if you donate your left over food to a charity like the food bank, some of the cost may be deductible.
The same goes for flowers, donate your left over flowers to a nursing home or hospital and you just may be able to deduct some of the cost.
If you choose a venue that is a not-for-profit venue, like a museum, part of the cost of the rental may be tax deductible.
Everybody gives wedding favors at their wedding, but if you make donations to charitable organizations in place of wedding favors, those donations are tax deductible.
The bride is only going to wear the wedding dress once. So why not donate the wedding dress to an organization or foundation that assists lower economic brides prepare for their wedding. Most if not all of the cost of the dress becomes tax deductible.
Although figuring tax deductions into your wedding planning may not seem like a very romantic idea, once you start to think about it, there’s really no reason not to consider how you can reclaim some of the money you are spending on your wedding. And at the same time, you are also helping out individuals and organizations that serve the community.
It’s your wedding, and you can plan it anyway you want, but by planning smart, you’ll put some money back into your pocket come tax time. And what could be wrong with that? Make your wedding tax deductible, or at least. As deductible as possible!
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