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Rainer on Leadership

Three Tax Benefits Ministers May Not Know

Sep 10, 2024
21:51

Most pastors and other ministers understand the tax benefits of housing and the ability to take certain deductions, but many are unaware of these three tax benefits. Thom examines all three.

    1. Getting RMD tax-free.
    2. The power of deductions on Schedule C.
    3. Certain educational expenses.

Resources:

  • My Church Staff: Interested in the Minister of Music and/or the Stewardship Pastor? Email info@churchanswers.com

Episode Sponsors:

Who is Upward Sports?

  • Upward Sports is the World’s largest Christian youth sports organization, dedicated to partnering with local churches to use sports outreach to reach the community.
  • Upward Sports offers basketball, cheerleading, soccer, flag football, volleyball, baseball, and soccer as a league offering.
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  • Now is the time to consider using sports as your 2025 outreach ministry! Schedule a call to learn more about launching a first-class, organized, intentional league in the new year!
  • Visit https://www.upward.org/ChurchAnswers/

 

    • Does your church staff have the skills they need to ensure the church succeeds? Have you thought about who can step into leadership? Do you have staff who would benefit from furthering their education?
    • California Baptist University has options for you and your staff! CBU offers more than three dozen undergraduate and graduate degrees online – which can be completed from anywhere in the world.
    • One of these programs is Organizational Leadership. This program helps develop the managerial skills necessary to lead effectively and broaden professional horizons.
    • This online program is designed with the working professional in mind. It will equip you with sought-after leadership skills that are essential to the success of you and your staff.
    • Classes for the Organizational Leadership bachelor’s degree include the topics of exercising influence, complex problem solving, teamwork, decision making and conflict management.
    • You’ll learn to excel and manage in the workplace while integrating ethical principles and integrity to strengthen the foundation of your organization.
    • Professors bring practical, applicable working knowledge into the classroom, while incorporating biblical principles of leadership.
    • Classes start every eight weeks, so students can start any time.
    • Visit https://calbaptist.edu/apply/ to learn more.

The post Three Tax Benefits Ministers May Not Know appeared first on Church Answers.

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