Taxable Gift for Pastor?

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.

Comments for Taxable Gift for Pastor?

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Dec 04, 2022

Staff Gifts Taxable Income
by: Vickey

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

Dec 08, 2022

Taxable Gift for Pastor
by: Anonymous

Thank you Vickey for your answer!!

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