I am starting a new church, I am a disabled veteran receiving Social Security. I have informed the members that I will not take a salary, this has been recorded into our initial minutes and records. Will there still be tax implications for me?
1Comments
tax implications
LLewis in NC
If you receive gifts of more than $600 in the year, or if you receive a housing allowance (which could be of benefit to you if you are a qualifying minister for the housing allowance that is) are the only two ways there could be tax implications for you. Oh, and a third possible way would be involving a travel allowance, or your travel expenses related to ministry travel expenses.