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The 2023 Tax Guides are now posted on mmbb.org. Both the 2023 Federal Reporting Requirements for Churches Guide and the 2023 Clergy Tax Return Preparation Guide for 2022 Returns are available for download.
Which tax reporting form should I use? It’s one of the most common questions tax professionals hear from clergy. Clergy salaries are taxable. In fact, ordained ministers have a dual tax status.
For federal income taxes, they’re considered an employee. But for Social Security and Medicare taxes, they’re classified as self-employed. That makes tax planning for ministers very different from tax planning for lay church employees or other workers.
It’s to your advantage to work with a tax professional who understands clergy taxes. But MMBB is also here to provide guidance.
For More Information on Tax Reporting, Click Here
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