Archive for the ‘clergy’ Category
Since church ministers are in a unique tax situation it is important for all ministers to understand their unique tax situation. When you work and earn an income you will need to pay taxes. We should pay unto Caesar what belongs to Caesar, but if Caesar is offering you a tax break you should be sure you take every tax benefit.
Housing Allowance:
The biggest tax benefit for ministers is the housing allowance. Every ministers should have a portion of his or her income designated as housing allowance.
Related Websites -
Fair Tax: The Pros and Cons First of all let's be clear, with a name like "fair tax" it's difficult to argue against it. "Fair tax" is a term like "Change we can believe in." What does it really mean? Nothing. Instead think of the Fair Tax as a tax on consumerism (Consumer Tax). It is...... -
Tax Refunds Are A Bad Thing While many people get excited about large tax refunds, all it really means is that you lent the government money throughout the year, interest free. Say you are paid bi-weekly and every year you were expecting a tax refund of $5,200. Maybe this is due to set RRSP contributions, plus a stay at......



