How To Calculate Fair Market Rental Value For The Clergy Housing Allowance
The ministerial cash housing allowance is limited to the fair market rental value of a pastor's home. Here are two different ways to calculate that.
Does It Really Matter If Your Financial Advisor Is A Christian?
Religion is not always the first thing we think of when working with a professional. However, because money is such a personal and values-driven topic, it can make a big difference to work with someone that shares your worldview.
What Is The Difference Between Seminary Loans And Undergraduate Student Loans?
Graduate and undergraduate student loans are not the same. Here are 4 things you need to take into consideration before taking out loans for seminary.
Seventh Circuit Court Of Appeals Rules Clergy Housing Allowance To Be Constitutional
The Seventh Circuit Court of Appeals just ruled that the cash housing allowance is, indeed, constitutional. Learn more about the case, the basis for their ruling, and what you should do about it.
What Kinds Of Student Loans Are Available For Seminary?
You probably don't realize it, but the student loan options available for graduate and undergraduate students are different. Here is a look at the options you have to help pay for seminary.
What Is Dual Status Taxation & Why Does It Matter For Pastors?
All pastors are subject to dual status taxation. What does that mean and how does it look when you file your taxes?
The Female Pastor’s Wallet: Financial Tips For Single Women In Ministry
In honor of International Women’s Day on March 8, here is a piece for single women in ministry. I know you are the minority, but you matter and you are some of my best friends!Though geared towards women in ministry and their unique challenges, everyone can benefit from what guest writer Michal Slate has to say. A Certified Financial Planner™ with a master’s degree in business leadership from Colorado Christian University, she has more than 13 years experience working with individuals on a personal level to help them discover the best course of action for their finances. Michal is passionate about both Jesus and helping Christian women master their finances. You can learn more about her and what she does here.
How Hosting Through Airbnb Affects Your Ministerial Housing Allowance
Airbnb is a great way to earn extra income. However, renting out part of your home affects your ability to take the ministerial housing allowance.
Reader Story: Supplementing Pastoral Income With Airbnb
This is a guest post by Stephanie Anderson of Andersonswife.com. She and her husband, Trevin, are pastors at Mannahouse in Portland, OR.
How The New Tax Law Affects Unreimbursed Business Expenses For Pastors
While pastors can no longer deduct unreimbursed business expenses on Schedule A, they can subtract them from their taxable income on Schedule SE.
Are Pastors Eligible For The 20% Qualified Business Income Deduction?
The Tax Cuts & Jobs Act introduced a 20% deduction for qualified small businesses. As a pastor, even if you don’t have a side business, you may still be able to take advantage of it.
5 Things I’ve Learned About Pastors & Their Finances After Working With Them For 5 Years
This is a guest post by Ben Wacek, Certified Financial Planner® and founder of Guide Financial Planning, where he offers clients Bible-based financial guidance both in-person in Minnesota and virtually throughout the country.