As a wedding planner, there are many expenses you can deduct to lower your taxable income. These deductions typically fall under ordinary and necessary business expenses. I’m sharing 20 tax write offs for wedding planners that you can save and come back to when you’re getting your taxes prepared.
So, be sure to save this in case you need help thinking of all your expenses come tax time. You should be writing off every single expense you can so you’re not having to pay in as much.
Below is a list of common tax write-offs for wedding planners:
20 Tax Write Offs for Wedding Planners
- Wedding props and decor
- Your website and web hosting
- Your computer
- Personal development books
- Online courses and education
- Mileage to weddings and meetings
- Office supplies
- Cards and welcome gifts
- Travel expenses
- A percentage of your auto expenses, repair and insurance
- Home office deduction
- Marketing and advertising
- Business meals
- Subscriptions (aisle planner, honeybook, flodesk, mile iq, etc.)
- Employee and contractor costs
- General liability insurance
- Bank fees
- Credit card processing fees
- Internet and phone
- Professional photography
Click HERE to learn about 5 programs I use in my wedding planning business that can help you too!
xo, Terrica