I was catching up on emails over the holidays and almost forgot about this one. The big tax bill passed on December 16th benefits ministerial and non-ministerial social security taxes. If you’re a minister who has exempted out of Social Security, then this doesn’t apply to you as you don’t pay Social Security anyway. For everyone else, look forward to saving some money this year! Woo Hoo!
Click here to read more about the changes.
If you have questions, contact whoever does your taxes. If you don’t have someone who does your taxes (or if you’re not confident in who does do your taxes), I’ve got a recommendation. It’s unlikely you’ll find someone less expensive who is as knowledgable in church and clergy tax. But I am biased though… they are my parents. Give them a call and tell them Kenny sent you.
Thanks for the tip Kenny. Hadn’t heard about it…always good news when you find out something like this.
Look forward to seeing you again soon. Blessings.