Videos
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Church Budget: A ministry plan, not just a spreadsheet
In this episode of The Pastor’s Wallet, Amy Artiga welcomes A.Z. Suarez, consultant and managing partner of Ascend Business Management, to discuss common budget mistakes and how pastors and church leaders can create budgets that align with the vision and…
[Video] Q&A: Do Additional Principal Payments Qualify for the Housing Allowance?
Additional principal payments are qualified expenses for the clergy housing allowance, but they are subject to limitations.
[Video] Q&A: Do Pastors Really Have to Pay 15.3% for SECA?
Pastors are dual-status taxpayers who pay Social Security and Medicare taxes as if self-employed. But do you really have to pay the full 15.3% or is there a waiver available for clergy?
Video: Q&A: Can you claim a pastoral housing allowance if you pay taxes as if self-employed?
Does the way you pay your taxes affect your ability to claim a housing allowance? What determines if you can claim a housing allowance or have to pay self-employment taxes? Do you have to pay taxes on the housing allowance?
Video: Q&A: Is a gift to a retiring pastor taxable?
There is only one time when a gift to a pastor can be tax-free, and that is at retirement IF certain IRS criteria are met.
Video: Q&A: Do Life Care Facilities Qualify for the Housing Allowance?
Can money in a 403(b) be claimed as a housing allowance in retirement for someone living in a life care facility where the cost includes meals and medical care? How should that situation be handled?
Video: Q&A: Are family members eligible for ministry-related travel expenses?
If your church has a budget for tax-free ministry-related travel expenses, does that include family members’ expenses if they travel to a conference with you?
Video: Q&A: Church Paying Social Security Taxes
Can churches pay Social Security taxes for their pastor? What if the employment agreement says they will?
Video: Q&A: Can Cell Phones Be Housing Expenses?
Do cell phones qualify for the clergy housing allowance? If not, is there any way for a church to cover the cost for their pastor?
Video: Q&A: How does the housing allowance work without a mortgage?
A look at how the clergy housing allowance works and why you can still claim it even without a mortgage.
Video: Q&A: How Opting Out of Social Security Affects Medicare
Today’s video looks at how opting out of Social Security affects Medicare benefits and what happens when pastors already have 40 Social Security credits before opting out.
Video: Q&A: Can A Pastor Claim The QBI Deduction?
In this video, Amy answers the following questions:– What is the QBI deduction?– Can a pastor claim the qualified business income deduction? – If so, is the housing allowance part of the calculation?
Video: Q&A: How Do You Get The Housing Allowance For A Pastor?
Here’s a step-by-step description of how to set a housing allowance for a pastor, what needs to be done throughout the year, how to report it to the IRS, and what to do if you have excess housing allowance.
Video: Q&A: Is a Car Payment Taxable Income for a Pastor?
In today’s video, Amy answers a question from a Pastor’s Wallet reader whose church wants to help him purchase a car and he’s wondering if that is considered taxable income.
Video: Q&A: Changing Your Minister’s Housing Allowance
In today’s video, Amy answers a question from a Pastor’s Wallet reader who recently moved and wants to know if they can change their housing allowance after it has already been set by the elders.