News & Articles

Article

Considering Opting Out of Social Security? Critical Issues to Review

Many young pastors, learning of the self-employment tax rate for clergy, have found mention by a colleague or a tax preparer of the option for a minister to be exempted from the tax and from the government insurance programs to be enticing. The minister should carefully consider the long-term implications of the irrevocable action.
News

Winter 2019-2020 "News & Notes" Newsletter

Considering Opting Out of SS: Critical Issues | Option C Rate for 2020 | Change in Required Minimum Distributions Start Date
Article

Tax Booklets Available for Download (2020)

Two 2020 booklets for clergy and church tax matters are available for downloaded.
News

Lifetime Fund (Option C) Rate for 2020

Option C provides a steady return, based on long-term portfolio objectives.
Article

Retirement Plan Contribution Limits for 2020: Overall and Deferral Limits Increased

The IRS has announced that contribution limits to retirement plans for 2020 will increase for the salary deferral limit by $500 and for the overall limit by $1,000.
Article

Quick Guide to Tax Reporting for Retirement Distributions - 1099R

Basic information for handling 1099-R information for tax filing
Article

Ministers' Pay Essentials

Certain tax rules are unique to ministers. It's important for ministers and churches to understand how ministers' compensation is to be handled.
Article

Benefit Plan (LTD & Life/AD&D): New Option and Improvements for 2020

Long Term Disability and Life/AD&D insurance coverages enhanced for 2020.
News

New Type of HRA Allows Tax-Preferred Reimbursement of Individual Health Insurance

New "ICHRA" May Help Churches Offer Tax-Free Reimbursement
News

After August 25: Updated Online Access to Your Member Account

Login security to be strengthened
Article

Are you Saving Enough for Retirement?

Small changes now could mean big differences in your future retirement.
News

Retirement Plan Offers Matching Program

New, limited-time program offers matching grant of $1,000 for pastors newly enrolling

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