Wedding Bonus: What It Covers and the Requirements for Applying

The Wedding Bonus It is a subsidy program designed for young couples under 35 who decide to get married in a religious ceremony. 

This incentive provides for a tax deduction for expenses incurred in organizing a wedding, but it's important to know all the details in order to take advantage of this opportunity. 

In this article, you'll learn everything there is to know about the Wedding Bonus.

What Does the Wedding Bonus Cover?

The Wedding Bonus is not intended to be an immediate credit, but rather a tax deduction which applies to the gross IRPEF tax. 

In practice, you can deduct 20% of the expenses incurred for the wedding, thereby reducing the amount of taxes owed at the end of the year.

However, there is a spending cap tax-deductible in the amount of 20,000 euros. This means that the maximum deduction you can claim is 4,000 euros. 

Expenses must be documented and cannot exceed this limit in order to receive the maximum benefit.

Eligibility Requirements for the 2024 Wedding Bonus

Age of the bride and groom

To be eligible for the bonus, the newlyweds must have under 35 years old. This requirement is designed to support young couples, who often face greater financial difficulties.

Type of ceremony

The Wedding Bonus is reserved for those who are getting married exclusively in church. 

Civil or symbolic ceremonies are not eligible for this benefit; therefore, the wedding must be held at a specific place of worship.

Spouses' Income

The The couple's total income must not exceed 23,000 euros, with a maximum of 11,500 euros for each partner. This requirement is intended to support couples with lower incomes.

How to Apply for the 2024 Wedding Bonus

Applying for the 2024 Wedding Bonus isn't complicated, but you'll need the right documentation. 

To claim the deduction, it is essential to keep the receipts for all expenses. So, don't forget to keep your receipts for bank transfers, credit and debit card transactions, and supplier invoices, including those for the location and for the Additional Event Services how catering, exhibits e decorations but also the’entertainment.

If you're still looking for the perfect space, check out our in-depth article on Wedding Venues in Italy.

The expenses incurred must be reported in the tax return. 

You can choose to report these expenses on the individual income tax return or on Form 730. Remember that proper documentation is essential to claim the deduction.

Current Status of the Proposal

Currently, the 2024 Wedding Bonus proposal is in debate in the Chamber of Deputies. This means that the bonus It is not yet final., but there's a good chance it will be approved by the end of the year.

If approved, it will have a significant economic impact on the national budget. The total cost is estimated to be approximately 716 million euros, to be paid in five annual installments. 

However, this figure may vary depending on the actual number of couples who will receive the bonus.

Practical Tips for Getting the Wedding Bonus

To make sure you don't miss out on the Wedding Bonus, it's essential to plan everything in advance and keep a accurate documentation. All receipts, invoices, and proof of payment must be carefully retained.

To make sure you don't make any mistakes on your tax return, it may be helpful to consult a accountant. A professional will be able to provide you with all the necessary information and help you fill out the forms correctly to claim the tax deduction.

Since the 2024 Wedding Bonus is still awaiting approval, it is important to follow the legislative updates. Keep an eye on the news and official announcements to find out when and how you can apply for the subsidy.

In summary, the 2024 Wedding Bonus is a valuable opportunity for young couples who wish to get married. Although the proposal is still pending approval, knowing the details and requirements can help you best prepare to apply for the tax deduction.

And if you need to Support for finding a venue and planning your big day, we're here to help you!

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