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The rules of who pays for each component of a wedding celebration were established generations ago. "Traditionally, the parents of the bride pay for the wedding, the parents of the groom pay for ...
As for that itemized tax deduction for property, state, and local taxes, the TCJA caps this at $10,000 for every taxpayer whether he's single or married and filing a joint return. A couple who didn't marry could claim $20,000 in deductions on two separate returns but the married couple is limited to $10,000 on one return.
This would explain why parents of the bride were also found to be two times as likely to cover the entire cost of the wedding, as opposed to parents of the groom — a hefty commitment to make ...
The Torah discusses the practice of paying a bride price to the father of a virgin at Shemot 22:16-17 (JPS translation): "And if a man entice a virgin that is not betrothed, and lie with her, he shall surely pay a dowry for her to be his wife. If her father utterly refuse to give her unto him, he shall pay money according to the dowry of virgins."
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According to the study, the average cost for a wedding venue is about $12,800, about 36.5% of a $35,000 wedding budget. Many venue prices include other expenses like catering, alcohol, tables ...
In the most extreme case, two single people who each earned $400,000 would each pay a marginal tax rate of 35%; but if those same two people filed as "Married, filing jointly" then their combined income would be exactly the same (2 * $400,000 = $800,000), yet $350,000 of that income would be taxed as the higher 39.6% rate, resulting in a ...
In fact, wedding costs haven't changed much for decades—an average 1990 wedding cost $35,400 in 2023 dollars, according to The Wedding Report.