Then some hold on to it as a keepsake of their perfect day. Most brides keep their wedding dress long enough to pass it down to their future daughters. Here’s everything you never knew about identifying tax deductions for your wedding (and successfully accounting for them on your tax return). If you’ve ever wondered if there are some tax benefits to be had from the money you’re spending on your wedding, you’re in luck. What wedding expenses are tax deductible? If this is your first go-around in matrimony land, then you probably don’t know that you can write off several key expenses associated with tying the knot. But today, we’re going to focus on a less-talked-about method: wedding tax deductions. Good news? You can totally minimize your financial burden in several ways, including scaling down, going the DIY route, or even bartering for services. No wonder the wedding industry is expected to generate $70 billion in 2023 ! In today’s financial climate, that’s enough for a down payment on a house, a year of state college for your future offspring, or even the cost of one super memorable honeymoon.

couple will shell out around $29,000 for their wedding and reception, according to Zola. Final averages vary by state, but the average U.S.

Unfortunately, weddings are also one of life’s most expensive occasions. Weddings are one of life’s most joyous occasions.

Are wedding expenses deductible