Dependent daycare

by Lauren
(AR)

Can my husband who is a minister pretax dependent daycare when he sets up his salary package for the year?

Comments for Dependent daycare

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Sep 11, 2012

pastor package
by: Anonymous

The pastor does not set up their own package, the board or council would do that and it needs to be done prior to the start date. Daycare benefits need to follow the requirements of the IRS. Have the board look at IRS Pub 15B http://www.irs.gov/publications/p15b/ar02.html#en_US_2012_publink1000193662
and also IRS Pub 503 http://www.irs.gov/pub/irs-pdf/p503.pdf to see if it is a qualified expense and one they want to provide.
most benefits are not required to be given see http://www.sba.gov/community/blogs/community-blogs/small-business-matters/employee-benefit-plans-whats-law-and-whats-op.
Hope this helps

Nov 14, 2012

is it taxable to drive the church vehicles and live in the church parsonage?
by: Anonymous

is it taxable to live in the church parsonage or drive the churches vehicle or by gas on the churches crited card

Nov 15, 2012

Parsonage and Self-Employment Tax
by: Vickey

If a minister lives in a church provide parsonage, the minister is not subject to income taxes on the use of the parsonage.

However, the fair rental value of the parsonage is added when figuring his self-employment tax. (The minister is responsible for determining the fair rental value of the parsonage.)

As far as the church owned vehicles, if he is doing church business in them...no it is not taxable to him.

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Join in and write your own page! It's easy to do. How? Simply click here to return to Fringe Benefits.

If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.

Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)

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