by Ann
(Girard, GA, USA)
We gave our pastor a laptop computer for his 10th anniversary. Is this a taxable gift?
We had donations from the congregation for $660.00 and the price of the computer was $727.59.
The donations was put in the general fund and a check was wrote for the amount of the computer.
I thought this would have to be given to our CPA for the church. Any answers would be truly appreciated.
2Comments
Taxable Gift for Pastor
AAnonymous
Thank you Vickey for your answer!!
Staff Gifts Taxable Income
VVickey
It would be a taxable "gift" and the value of the computer will have to be added to his W-2.
See this page on staff gifts:
https://www.freechurchaccounting.com/staff-gifts.html
See this page on staff gifts:
https://www.freechurchaccounting.com/staff-gifts.html