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 About Publication 517, Social Security and Other Information for 2022-2024

Ination Clergy 2022-2024 Form

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Video instructions and help with filling out and completing About Publication 517, Social Security And Other Information For

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Instructions and help about form 4029 irs

[Music] okay what are we talking about today today we are going to cover the number one mistake for clergy this is pastors missionaries other clergy who are treated as self-employed for social security and medicare tax purposes i see this mistake over and over again it's the number one thing i look for when i get a new client on their prior tax returns is to check for this now ministers housing allowance this is an excellent benefit this is a huge tax benefit so what the minister's housing allowance does is it allows your organization to pay you part of your wages as tax free income so that term tax-free can get us into trouble though what exactly does tax-free mean and what does it not mean and where do i see these mistakes coming from i actually see them coming from a lot of different places i see them coming from self-prepared tax returns where people have used you know the leading software out there that their marketing promises guaranteed accurate returns and your maximum refund

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