This post is based on Dave Ramsey’s Financial Peace University and not his radio show. As such, it may not address everything that he has ever said publicly. Dave Ramsey is a polarizing figure. Honestly, though, anyone who dares to…
This post breaks down all of the major types of income a pastor can earn and explains how the IRS treats them for Social Security, income tax, retirement plan and payroll tax purposes. It is based on IRS Publication 517.
Like many all over the globe, pastors did a lot of work from home last year. Whether you already had a dedicated space or had to claim a corner of the dining room table, last year was the year of…
Any time you want tax-free housing! While that answer is true, here is an excerpt from my book, The Pastor’s Wallet Complete Guide to the Clergy Housing Allowance, that will provide a bit more depth: Timing Timing is very important…
About seven years ago, I decided I wanted to be able to help people with money. I had begun listening to Dave Ramsey to stave off the boredom of spending 12 hours a day alone with an infant and it…
A lot is said about the tax-deductibility of charitable contributions. After all, that is why your church went through the trouble of gaining 501(c)(3) status with the IRS. So that donors could get tax breaks. Not everyone gets a tax…
Every year, the federal government hands out money for free. However, one out of five people who are eligible doesn’t claim it. That sounds crazy, right? Who foregoes free money? And how can you be eligible to get it? For…
This is an excerpt from my book, The Pastor’s Wallet Complete Guide to the Clergy Housing Allowance: Pastor Housing Allowance Responsibilities Pastor, when it comes to the housing allowance, you’re the man (or woman). If you want the tax savings…
After keeping the nation on its toes for a week, President Trump signed a new stimulus bill into law on December 27, 2020. The stimulus bill was actually only a small part of the 5,000+ page Consolidated Appropriations Act of…
We’ve made it to the end of 2020. For the last blog post of every year, I provide a list of the top ten posts that have received the most views during the year. It gives you a chance to…
Back when people were still allowed to get together, I was at an event for professionals and business owners where we discussed generosity. We watched a video testimony of a woman who God had asked to make some specific changes…
I don’t know about your neighborhood, but in mine, real estate is on fire. Houses that usually take several months to sell are now under contract within a matter of days. This sudden housing boom has caught a lot of…