Medical Savings Account for Pastor

If a savings or checking account is set up by the church to help the pastor with medical expenses, are those monies considered as taxable income to the pastor?

Answer

I believe such an account would be taxable. But I have no experience with medical savings accounts and do not know if there is a way to set it up as a nontaxable plan. So you may want to consider consulting a CPA or financial adviser regarding this matter.




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