by Scott Cummings
(Conroe, TX, USA)
Do I have to report my continuing education, auto allowance, and social security offset as income when paying my taxes?
Yes...you would definitely need to report the auto allowance and social security offset.
The continuing education would depend on how it was paid. If it is just a check issued to you then it would be taxable income.
To be considered nontaxable income it would need to be paid through an accountable reimbursement plan or something similar...or the church can directly pay for books, trainings, etc.
If it is not set up as nontaxable income then you itemize or file a Schedule C and take your continuing education expenses, business miles, etc. as tax deductions.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Clergy Tax Q&A.
Need a Consultation, help setting up an effective Accounting System, or someone to do your monthly bookkeeping?
Use coupon code "FCA" for 10% discount!