Today TaxMama hears from Rick in the TaxQuips Forum, with two questions. “1) I got married in 2010 and had over $25,000 in wedding expenses. Is any of this tax deductible? 2) I purchased a used car in 2010 and paid 0 in taxes.
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Is any of this deductible?”
Hi Rick
Congratulations! That must have been one heck of a great party…though, I do understand that ,000 doesn’t go as far as it used to these days.
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Interestingly enough, the answer to your two questions has an odd relationship.
Alas, there is no tax deduction for wedding expenses – which I suspect you already know. However, there might have been a lot of sales taxes included in the wedding costs. Get the invoices and see if you can add up the sales taxes.
Add in the sales tax on the car.
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If you’re able to itemize (use Schedule A), you might have enough in sales taxes to exceed your state income taxes paid.
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That’s the only tax benefit available to you.
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And remember, you can find answers to all kinds of questions about big expenses and other tax issues, free. Where? Where else? At www.TaxMama.com.
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