Tag: social security tax
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Avoid this Pastoral Housing Allowance Penalty
The pastoral housing allowance can be a great tax deduction for pastors. But if you don’t prepare for the surprise swap up on your taxes, you may end up paying a housing allowance penalty. I have seen church planters fall prey to this and wind up with a huge tax bill come April. To be […]
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Free Housing Allowance Calculator
Setting a Pastoral Housing Allowance continues to be one of the more confusing things to figure out for church planters. Below is a Free Housing Allowance Calculator that should help. First, some important things you need to keep in mind: The Rules You have to be an ordained, licensed or commissioned pastor You have to […]
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Opting Out of Social Security
The IRS allows for ministers opting out of social security if they have a conscientious objection to it on religious grounds. There are strong opinions out there about whether or not ministers should opt out or stay in. The Case for Staying In Staying in keeps you enrolled in social security benefits: retirement income health […]
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2 Hidden Costs of Hiring Church Plant Staff
Most of the church planters I’ve supported didn’t come into the adventure with any direct experience with the costs of hiring church plant staff. Either they came from a ministry position that didn’t manage other employees, or they worked for a megachurch that had an HR department that took care everything. But when you’re the […]