Money Saving Resources: Can You File for Tax Deductions on Your Wedding?
Several Ways to Take a Tax Deduction Off of Wedding Expenses
1. If you have your reception at a museum or public owned historic landmark or house, it is often a tax deduction for the free you pay to the historic society that owns the reception facility. Investigate this in advance when picking a reception locale. Many museums and are owned by non-profit organizations, so the rental fees will benefit the upkeep of the museum and are often considered a donation and therefore are usually a tax deduction . Speak to your accountant and see what venues count as a tax deduction.
2. According to Martha Stewart website that has 50 ways to save money at your wedding, after the event, if you donate your flowers to a hospital or nursing home is a tax deduction.
3. After the wedding, donate your wedding dress to a charity that resells wedding dresses and proceeds of the gowns go to charity, and its' retail value will be a tax deduction. One organization is Bridal Garden that accepts dresses for donation to benefit disadvantaged children via the Sheltering Arms Children's' Service.
4. Bridesmaids dresses, purses and shoes can be donated to the proms for unpriviledged groups. One example is the Fairy Godmothers' charity in Flagstaff, Arizona. They take gowns, shoes, purses and jewelry from around the country. Check your local phone book to find a charity near you.
5. Instead of favors, a donation can be made in the guests name to a favorite charity. Many charities and organizations also make items that make great favors and wedding gifts that subsidizes the charity.
6. Shop with vendors that donate to charities, such as The Greater Good, or the shop.com catalog or museum gift shops.
7. Look into the I do foundation for setting up a memorial fund or donations to your favorite charities when people buy your wedding gifts from your Home Depot, Amazon, Target, Mikasa, Gaiam, JCPenney and others. Plus you give 10% when you buy wedding invitations and wedding favors.
8. You will likely want to keep certain items from your wedding day ensemble, if they are not particularly sentimental such as your money bag or shoes or wedding slip, perhaps you can find a consignment shop that donates proceeds to charity such as Good Will or Salvation Army. They will help a good cause and another bride to be will be happy to have found a bargain.
Some other Associated Content Money Saving Wedding Resources include:
Money Saving Wedding Ideas with Floral Decor for Double Decorating Duty
How to Save Money on Your Wedding by Reducing Liquor Costs
Ten Ways to Save Money on Your Wedding Cake
Cheapskate Social Experiment: Is it a Nice Day for a Wal-Mart Wedding?
Should You Buy or Rent Your Wedding Tuxedo?
Ten Low Cost Wedding Reception Entertainment Ideas
Do it Yourself Floral Arrangements for Weddings for Under $20 Each
How to Make an Emergency Wedding Cake in Case of a Cake Disaster
Wedding Savings and Discount Tips: Ideas for Brides on a Budget
Do it Yourself Wedding Favors Even If You Are Not Crafty or Talented
Cheap Wedding Favor for Less Than a Dollar
Cheap Do it Yourself Wedding Favor Crafty Ideas
Bridal Tips - How to Make the Most of Going to a Bridal Expo
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3 Comments
Post a CommentCheck out: The Tax-Deductible Wedding: More Wedding and Fun, Less Fret and Debt (Paperback)... ..~ Sabrina Rivers (Author) amazon.com
The Tax-Deductible Wedding, provides practical advice for producing a dream wedding the tax-deductible way. Most people are not aware, for example, that a wedding or reception held at a museum or national park can mean a big tax deduction. Or that they can seek sponsors (really!). Rivers not only discusses the how-tos, but also gently guides readers through the entire process-and even includes a section on tax-deductible honeymoons! Replete with tips, anecdotes, Q&A sessions, checklists, resources, and more for today's cost-conscious wedding planners, The Tax-Deductible Wedding is one resource no couple can afford to be without.
Wonderful article with great links! Thanks for the info!!!
Wow! Great ideas! I have an unused wedding dress hanging in my closet. I'll have to go and donate it!