THE PASTOR'S HOUSE
The Invaluable Housing AllowanceTM
Blog Schedule
Topics subject to change at website owner & manager discretion.
January Can/Should a Pastor receive a Form 1099 to report their church compensation?
February – Can/Should a pastor pay their own taxes on their church income? What is the advantage/disadvantage?
March - Time to gather prior year tax documents for previous year tax filings. Make appointment for income tax filings.
April – Will I still receive social security benefits if I have opted out?
May - Are pastors considered to be church employees? What is the “dual status” all about?
June – Is pastoral church income subject to FICA or SECA? What is FICA & SECA anyway?
July - Do I have to pay social security and Medicare on my church income if I am already contributing thru my secular employment?
August – When should I set up my retirement allowance? Can/should I include a retirement housing allowance?
September – Is it wise to opt out of SECA on my church income if I am paying into social security thru my secular employment?
October - How much can be included in the pastor’s package as housing allowance?
November - Time to reconcile the current housing allowance for the current year. If short, include other allowable expenses.
December - Time to prepare the housing allowance for the incoming year. Get resolution signed by church officer.