The income and self employment tax rules for religious ministers are unique to say the least. The IRS classifies ministers as dual status taxpayers, meaning they're considered employees for income taxes, but are considered self-employed for Social Security and Medicare taxes. There's also a Clergy Housing Allowance with its own rules and 100 years of regulatory history.
I've had religious ministers as clients from the very first days of Ashland Advisors, and wrote a research paper on ministers taxes in my graduate tax classes. I've also been a guest speaker at conferences on topics related to ministers taxes.
Everyone has questions on their income taxes, and ministers are no exception. If you've got questions you'd like to discuss, contact me anytime for an initial no obligation conversation.
ASHLAND ADVISORS, PLLC
Luke Speltz CPA, CMA | Van Meter, Iowa
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