Pastor taxes Archives - Church Executive


Year-end tax & portfolio planning for pastors

November and December are a busy time of year for most pastors. Following the Thanksgiving holiday, the liturgical calendar begins anew with the season of Advent. As preparations are made to celebrate the coming of the Christ child, extra services need to be planned, multiple sermons need to be written, rehearsals are in full swing for the Christmas pageant, and pastors are also ministering to those for whom the holidays are not such a joyous time.

Amidst all these preparations, pastors need to set aside some time to focus on year-end financial details that have tax implications for 2015 and 2016. Don’t let the following items slip past you.

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Federal District Court rules clergy housing exclusion unconstitutional

On Nov. 21, 2013, a Federal trial court in Wisconsin declared that the clergy housing exclusion — often referred to as the minister’s parsonage allowance — is unconstitutional for clergy providing their own homes. This startling decision from a Federal District Court is sending shockwaves through the faith community.  The name of the case is […]

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