Clergy Tax Deductions Worksheet

517 is a set of work sheets that you can use to figure the amount of your taxable ministerial in come and allowable.

Clergy tax deductions worksheet. Ministerial tax issues can be complicated. This form will help you calculate the expenses you can deduct. If you are a self employed minister or clergy member or you receive self employment income for your services you may be able to reduce your taxes by deducting your associated expenses on your schedule c. This publication also covers certain income tax rules of interest to ministers and members of a religious order.

Microsoft word clergydeduct doc author. This form will help you calculate the expenses you can deduct. In the back of pub. The point here is that for many years the only tax benefit for ministerial housing was the exclusion of the fair rental value of a church provided parsonage from taxation.

Clergy tax worksheet parsonage allowance. Clergy business expense worksheet accountable reimbursement plan if all of your business expenses are reimbursed through a vouchered accountable reimbursement plan neither your expenses nor your reimbursements need to appear on your tax return. Item purchased date purchased cost including sales tax item traded additional cash paid business use other information 1099s. If you have additional expenses to deduct on your tax return please complete this worksheet.

Clergy expense worksheet xlsx author. Alternatively some may live in a parsonage owned by the church. Peter jason riley created date. Specialty worksheet for clergy in order to maximize your deductions please complete this form.

Treats ministers like secular workers. Second the elimination of discrimination between ministers. You should keep receipts to substantiate these expenses. Neither a cash allowance to the extent it is used to pay for home.

Clergy business expenses continued equipment purchased musical instruments office equipment office furniture professional library etc. Many members of the clergy are paid a cash housing allowance which they use to pay the expenses related to their homes e g. Clergy related travel luggage software clergy related credit card annual fees supplies other clergy related mileage cents per mile taxes. Ministers who did not live in a parsonage but instead owned or rented a home.

2020 ministers tax guide for 2019 returns. Amounts of 600 00 or more paid to individuals not. Interest real property taxes utilities etc. If you are a clergy member use this form to claim the clergy residence deduction.

How a member of the clergy or religious worker figures net earnings from self em ployment.