Tag: Payroll

How should a Pastor fill out their W-4?

I love this time of year! I like the cold weather and the smell of tax forms. Before the end of the month, I should have my taxes filed and my withholdings adjusted.

This is the time of year to start thinking about how much you are putting aside for taxes. You can set your withholdings by properly completing Form W-4, but the revised Form is tricky…especially for clergy.

The Unexpected Windfall

A lot of churches will receive an unexpected windfall in the near future. Many of my Dakotas UMC churches will receive large rebates, but many others will like benefit from estate gifts. The big question is NOT how to use that money. It’s how do we best go about making that decision.