Can my fiance's dad write off wedding expenses as a tax write off? - help me write a wedding card messages
My father pays for most of my wedding, it will probably be a total of 10,000 +. Is it possible to write some of these costs as a gift for me?
Sunday, December 13, 2009
Help Me Write A Wedding Card Messages Can My Fiance's Dad Write Off Wedding Expenses As A Tax Write Off?
3 comments:
Not legally!
Short answer: No.
Long answer: Many of these costs are likely to qualify as a present for you. However, personal donations are not tax deductible. In fact, sometimes the donor a gift required to pay additional taxes. This is the case if the total donations for the year exceeds a certain amount. In 2009, a gift is to give donors more than $ 13,000 per person Gift to the need to create giving a donation. Even then, these taxes from the uniform credit for gifts and inheritances should be avoided. If you believe that your father gives you a gift (money, goods or services) in excess of $ 13,000, you should talk to tax professional.
Her friend's father is under the same rule as his father, as in the answer to your previous question was not disclosed.
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