Tag: Tax Implications

Housing Allowance vs Housing Exclusion

This is always a difficult thing to explain…and keep straight after it’s been explained. The Designated Housing Exclusion is basically a tax loophole. It allows pastors to reduce their tax bill by having a part of their salary designated for housing. It doesn’t cost the church anything. If it’s not done, it will cost your…

Proving your church is a 501(c)(3)

The non-profit status of churches is often a concern among church leaders. It’s actually pretty difficult to lose your non-profit status, but that’s for probably a future post. Also, being a 501(c)(3) is not the same as being a non-profit organization….which is also not what this post is about. What if you had to prove…

Are Churches Tax Exempt?

Who likes to pay more than their fair share of taxes? I have never met anyone who has purposely overpaid their taxes. Churches are the same way…and even more so. For most churches, finances are tight so any money you can save is great. Most people have heard that churches are “Tax Exempt,” but what…

Giving for Farmers & Ranchers

Most churches and pastors will want to completely avoid talking about money and giving in church, and their primary reason they usually give for doing so is, “What about the farmers?” I 100% agree that farmers and other small-business owners have a more difficult challenge in determining what they should give because their personal and…