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Choose a Tax-Deductible Wedding Venue

Money Tip: Choose a Tax-Deductible Wedding Venue

The Knot's Annual Real Wedding Survey found that about 45 percent of a couple's wedding budget is spent on the reception venue, and based on the average $27,882 budget that amounts to about $12,722. One way to save on your venue is to hold your reception somewhere that's an approved nonprofit organization — your cost may be tax deductible as it could be considered a donation to the organization. It doesn't take too much thinking outside the box to come up with this type of venue as several museums and historic landmarks fall into consideration. Just be sure to ask the organization for a statement that includes the amount of your contribution, otherwise known as the facility fee.

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