Common Errors in Pastoral Taxation

There is a big difference between pastors and typical employees, which leaves many stuck with a large amount due on tax day. This webinar explores the fundamentals of pastoral taxation, the most common mistakes made, and some tips to help pastors know how to ensure theirs are done correctly. In this webinar, we will:

• Review how dual tax status works for pastors
• Discuss how to leverage your housing allowance to lower your income tax
• Explore exemptions for Social Security to find out if it is right for you
• Explain common errors when withholding taxes and making quarterly payments