Are Wedding Expenses Tax Deductible?

Are Wedding Expenses Tax Deductible? thumbnail
Use deductions carefully.

When to deducting wedding expenses can be a tricky question. Some expenses can earn you a deduction but it will largely depend on whether they are tied to a business cost. Think twice before you deduct things like wedding catering because half of your guest list consisted of clients.

  1. Benefits

    • Writing off wedding costs reduces your tax liability for the year in question and may increase your tax refund.

    Considerations

    • Consider whether you are willing to endure an audit for your attempted deductions. Quirky write-offs are red flags for the IRS.

    Donating

    • Donating to charities in lieu of giving favors qualifies for deductions. If you donate your wedding dress to a women's shelter or your flowers to a nursing home, you can earn more deductions.

    Documentation

    • If you are writing off your honeymoon as a business trip, keep a log of activities like appointments and what business was transacted. A paper trail of receipts will back up your case.

    Expert Insight

    • Have a CPA field your questions about attempted deductions before you file. It could save you thousands in unpaid taxes.

    Promotion

    • If you are a florist who arranged her own wedding flowers, you could deduct a portion of expenses. But you must prove you were promoting your business: Were pamphlets on their dinner tables? Was a demonstration performed?

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  • Photo Credit tax forms image by Chad McDermott from Fotolia.com

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