2024 Tax Guides
Each year brings revised contribution limits and changing tax laws. It is important to know how these annual updates impact churches and ministry staff.
Under U.S. tax code, ordained ministers can opt out of Social Security. Form 4361 declares that ministers who are theologically opposed to receiving benefits from the government can excuse themselves from Social Security. While keeping 15.3 percent each paycheck instead of giving it to the government might seem like the way to go, opting out of social security is not a decision to make lightly. There are irrevocable repercussions. Once a pastor chooses to opt out, they are out for good in most cases.
A key component of care is how a pastor’s salary and benefits package (also referred to as a Call Package) is structured with the whole person in mind.