Now that Thanksgiving is over and the Christmas season is in full swing, I wanted to write a Christmas themed blog post. Two years ago I gave you 10 Simple Ways To Earn Extra Money For Christmas, which is still pretty useful. This year I’m going at it from the other side.
A recent court case helped to clarify when pastoral gifts are considered taxable income. Make sure you know how to classify your income to avoid owing penalties and back taxes.
There are two kinds of ministerial housing allowances here in the US. The parsonage allowance is for those living in church-owned housing. The cash housing (or rental) allowance is for those who provide their own housing.
Today, I want to go deeper into the parsonage allowance. Though parsonages are slowly becoming a thing of the past, many pastors still live in them. For those pastors, it is important to understand the different features of the IRS’s parsonage allowance.
The insurance industry has created so many complicated products that it scares people out of buying life insurance. However, life insurance is an important protection for your family. Here is a primer that will prepare you for competent life insurance shopping.
