What is an Accountable Reimbursement Plan
Churches want and need to reimburse pastors for business expenses associated with their ministerial duties. For that reason, reimbursable expenses are an important element of funding a pastor’s work.
The IRS updates retirement plan contribution limits for defined contribution plans such as the PCA Retirement Plan each year. The limits for 2021 are as follows: Elective Deferral Limit (salary reduction contribution): $19,500 (unchanged from 2020). Internal Revenue...