Church Pension Group | Taxes

Taxes

Business Expenses

If your job requires travel, entertaining, or continuing education, how does your employer reimburse you for the expenses that you incur? What are the tax implications of receiving an expense allowance versus submitting receipts for expenses? Learn more about the tax implications of how you manage your business expenses.

IRS Form W-4

When you start a job, you are asked to fill out a Form W-4. Your employer uses this form to withhold the correct amount of federal income taxes taken from your pay. Learn why it is important to have the correct number of dependents claimed and when you should submit a new Form W-4 to your employer.

Clergy Taxes

Taxes in general can be very complex, but clergy have an added level of complexity. Clergy are treated as employees for federal income tax purposes but are self-employed for Social Security tax purposes. Learn about clergy tax basics, what it means to have dual tax status, and where to find resources to help you and your tax advisor file your taxes correctly.

Clergy Housing Allowance

Clergy are in a unique position in that their housing expenses can be used to shelter some income from federal taxes. What constitutes a legitimate housing expense, and what are the IRS limitations? Learn the answers to these questions, resources and tips on keeping track of housing expenses, and the importance of the vestry resolution.