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Tax-Deductible Weddings, Part 2
We’ve talked about tax deductions related to your reception site, but there are a few other nice opportunities for wedding-related deductions that shouldn’t be missed, both for during and after your wedding.
The I Do Foundation has a number of creative ways to incorporate giving into the wedding itself, which you can do through them or replicate yourself. I will be doing a number of these for my own wedding next year.
- Give on guests’ behalf. Give to your favorite charity on behalf of each guest, then provide a favor related to that gift, whether a printed card or something more specific. Then, deduct the full amount as a charitable donation. We’re thinking of donating to our favorite avian charity, then attaching announcements printed on plantable hearts filled with seeds (we plan to make these ourselves) to these cute dove bottle openers. (We’re trying to find a source for the doves without the packaging, however.) The favors themselves, of course, are not deductible, but they make a nice presentation. The Knot has some more stories of fun ways couples incorporated tax-deductible giving into their weddings.
- Build a registry of charities. Create a registry of the charities you wish to support, then let guests make their own selections when giving. JustGive and Changing the Present are two more great charitable gift registry sites which makes it easy to set up a registry of the organizations you want to support. You can add explanations for why these are meaningful to you as a couple and how they support your shared beliefs. Then all of your guests get to claim a deduction and they’ll have you to thank when filing their 1040s.
And this one’s not a deduction, but I’m listing it anyway because it’s a good idea: have your gift registry give back. You can create a gift registry with one of the I Do Foundation’s partner stores and have up to 10% of the purchases given to a charity of your choice.
Next time, I’ll share some donations you can write off after the wedding festivities.
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Tags: tax deductions, Taxes, weddings
By Sasha on Sunday, April 27th, 2008 at 12:06 pm
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