Here are 5 tax breaks that can reduce wedding costs

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Recently engaged? Tying the knot can be stressful, especially if you’re worried about your wedding budget.

Planning a ceremony and reception can be pricey when you factor in everything from catering to the bride-to-be’s dress. On average, couples expect to pay $16,000 on their wedding, but ended up spending roughly $29,000 in 2018 because they often underestimated the cost of products and services, according to WeddingWire’s latest Newlywed Report.

But there’s good news: some wedding costs could be tax deductible. Donating your gown, leftover food or flowers after your big day could help offset some of your expenses after saying “I do.” Here are some of those things you can write off on your taxes: 

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Bride and groom decorations on two pieces of wedding cake

Gown

If you don’t plan on keeping your wedding dress, you can donate it along with bridesmaid dresses to non-profit organization like Brides for a Cause and Brides Against Breast Cancer. They accept used wedding gowns and even take accessories like veils and headpieces.

Tax filers should keep in mind that wedding deductions are considered charitable contributions, so you would need to list them as itemized deductions on your tax return instead of using the standard deduction. 

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By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.