Week 13 - Tues. - Josh

Week 13
Tu 4/14
Minister’s Taxes

Six Important Things About Taxes

1. Do not pay income taxes on housing expenses – do pay Social Security.
2. Opting out of Social Security is a question of conscience and integrity – not what makes sense financially.
3. Have to pay taxes on fair retail value of a parsonage.
4. Other income does not qualify for ministerial deductions.
5. Must pay Social Security tax on housing amenities paid by the church.
6. Social Security is due every 3 months.