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5 Ways To Write Off Your Wedding On Your Taxes and Help Others.

5 Ways To Write Off Your Wedding On Your Taxes and Help Others.

Weddings are without doubt joyous occasions for families, friends, and of course the couple exchanging lifelong vows in front of those they hold dear. However, in many cases weddings can be both stressful to plan and stressful on budgets. However, this does not have to be the case. With proper planning you can even find innovative ways to write your wedding off on your taxes.

1. Put that extra food to good use.

Whether due to a couple of last minute no shows or a caterer that got a little carried away, having a lot of food after a wedding does not have to be a burden or a bad thing. You can arrange with a food bank to donate those extra edible favors or reception menu items. You will be helping people in need have a great meal (that was no doubt meticulously planned) and you can also get a receipt or letter from the food bank so that you can write off a portion of the food costs off on your taxes. It is a win-win all around, and some caterers will go ahead and package all left over food into nice containers to deliver to the food banks if you let them know before hand.

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Feeding America provides a list of food banks by state. You can also search by zip code.

2. Stop and smell the roses.

Then give them away. No seriously, unless you’re interested in getting a bouquet preserved for a memento. You can donate your flowers to a hospital, nursing home, women’s shelter or even school instead of them inevitably ending up in the trash. Get a receipt from the charity for about 25%-50% of the original cost because you used the flowers and decor at the wedding first. Additionally, there are a few nonprofits that utilize volunteer efforts to help with delivery of the flowers. Two examples of this are Petal Share and Repeat Roses.

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3. Ditch the Dress.

While some keep their wedding dresses for decades to admire, others choose to trash their dresses immediately after a wedding. Another option is to donate your dress to someone in need. This can go for bridesmaids as well, they can donate their dresses to an organization like Becca’s Closet which supplies underprivileged girls with prom dresses. Wonderful causes and wonderful uses for your dress that just so happen to be a tax write off for you. Simply get a receipt from the organization you donated to.

4. In lieu of Wedding Favors Donate to Charity.

This one is pretty self explanatory. If you and your fiancé have a favorite cause, let your guests know that you have donated to charity in lieu of doing wedding favors. You can give your guests a more personalized feel by having pictures and/or stories of people that the donation has helped. Another spin on this is to make your wedding into a charitable event, sponsoring a particular organization. Choose your favorite charitable cause and speak with them about turning your wedding into a fundraiser for their cause. Then instead of guests providing wedding presents they would make a donation to the nonprofit on your behalf.

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5.) Choose a Charitable Venue.

Many places of worship are tax exempt and if you give them a donation then the amount of the donation can be written off on your taxes. It is not allowed to write off expenses for venue usage fees or service fees. However, if you choose to pay any amount to the place of worship in excess of the amount charged for using the venue, then you can write off that amount on your taxes. Additionally, if you choose to hold your ceremony or reception in a nonprofit venue this rule will apply as well. Many museums, botanical gardens, and historical sites are nonprofit organizations. 

A QUICK NOTE: The IRS requires that you provide receipts in order to receive these tax write offs. These receipts should include the name of the nonprofit or charity, the amount you donated, and the date of your contribution. Large donations have additional criteria needed by the IRS. Always check with your accounting professional to get the more detailed ins and outs of what you need to do. Or you can read IRS Form 526 for more specific guidelines.

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Featured photo credit: © micromonkey via us.fotolia.com

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Last Updated on August 4, 2020

8 Benefits of a Minimalist Lifestyle That Get You to Live With Less

8 Benefits of a Minimalist Lifestyle That Get You to Live With Less

Minimalism is a way to put a stop to the gluttony of the world around us. It’s the opposite of every advertisement we see plastered on the radio and TV. We live in a society that prides itself on the accumulation of stuff; we eat up consumerism, material possessions, clutter, debt, distractions and noise.

What we don’t seem to have is any meaning left in our world.

By adopting a minimalist lifestyle, you can throw out what you don’t need in order to focus on what you do need.

I know first hand how little we actually need to survive. I was fortunate enough to live in a van for four months while traveling throughout Australia. This experience taught me valuable lessons about what really matters and how little we really need all this stuff we surround ourselves with.

Less is more.

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Living a minimalist lifestyle is reducing.There are a few obvious benefits of minimalism such as less cleaning and stress, a more organized household and more money to be found, but there are also a few deep, life-changing benefits.

What we don’t usually realize is that when we reduce, we reduce a lot more than just stuff.

Consider just some of the benefits of living with fewer possessions:

1. Create Room for What’s Important

When we purge our junk drawers and closets we create space and peace. We lose that claustrophobic feeling and we can actually breathe again. Create the room to fill up our lives with meaning instead of stuff.

2. More Freedom

The accumulation of stuff is like an anchor, it ties us down. We are always terrified of losing all our ‘stuff’. Let it go and you will experience a freedom like never before: a freedom from greed, debt, obsession and overworking.

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3. Focus on Health and Hobbies

When you spend less time at Home Depot trying unsuccessfully to keep up with the Joneses, you create an opening to do the things you love, things that you never seem to have time for.

Everyone is always saying they don’t have enough time, but how many people really stop and look at what they are spending their time doing?

You could be enjoying a day with your kids, hitting up the gym, practicing yoga, reading a good book or traveling. Whatever it is that you love you could be doing, but instead you are stuck at Sears shopping for more stuff.

4. Less Focus on Material Possessions

All the stuff we surround ourselves with is merely a distraction, we are filling a void. Money can’t buy happiness, but it can buy comfort. After the initial comfort is satisfied, that’s where our obsession with money should end.

We are bombarded by the media presenting promises of happiness through materialistic measures. It’s no wonder we struggle everyday. Resist those urges. It’s an empty path, it won’t make you happy.

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It’s hard not to get roped into the consumerism trap. I need constant reminders that it’s a false sense of happiness. I enjoy stuff, but I also recognize that I don’t need it.

5. More Peace of Mind

When we cling onto material possessions we create stress because we are always afraid of losing these things. By simplifying your life you can lose your attachment to these things and ultimately create a calm, peaceful mind.

The less things you have to worry about, the more peace you have, and it’s as simple as that.

6. More Happiness

When de-cluttering your life, happiness naturally comes because you gravitate towards the things that matter most. You see clearly the false promises in all the clutter, it’s like a broken shield against life’s true essence.

You will also find happiness in being more efficient, you will find concentration by having refocused your priorities, you will find joy by enjoying slowing down.

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7. Less Fear of Failure

When you look at Buddhist monks, they have no fear, and they have no fear because they don’t have anything to lose.

In whatever you wish to pursue doing you can excel, if you aren’t plagued with the fear of losing all your worldly possessions. Obviously you need to take the appropriate steps to put a roof over your head, but also know that you have little to fear except fear itself.

8. More Confidence

The entire minimalist lifestyle promotes individuality and self reliance. This will make you more confident in your pursuit of happiness.

What’s Next? Go Minimalism.

If you’re ready to start living a minimalist lifestyle, these articles can help you to kickstart:

Featured photo credit: Unsplash via unsplash.com

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