Income Taxes for Priests Only

*** 30th Anniversary Edition ***
*** The 2016 Edition is available now.***

A comprehensive guide to assist priests in preparing their Federal Income Taxes in the easiest, most accurate and cost effective way. Order now! [Click on the book cover to the right or scroll down and click on the ‘order’ buttons below.]

Read about

  • The Protecting Americans from Tax Hikes Act of 2015 [PATH] includes over 50 permanent and less-than-permanent tax deductions, credits and other taxpayer-friendly provisions that continued to take affect and change in 2016.
  • Option for State Sales Tax deduction is permanent tax law.
  • Deduction for priest teachers includes professional development expenses.
  • The largest Federal tax most priests pay is Social Security Self-employment tax.
  • Standard mileage rates for 2016 changed. Find out how it affects your taxes the most.
  • Priests under age 65 have higher limits on medical deductions.
  • Tax-free distributions from individual retirement accounts for charitable purposes are made permanent.
  • Higher limits for priests who save for retirement.
  • Priests with higher levels of income will find higher tax rates and fewer deductions.
  • 2016 is last year for several deductions and credits.
  • More changes and features included in this year’s edition.

Highlights of contents

  • Recent changes to tax laws applicable to priests
  • The unique tax reporting requirements for priests based on their dual status of:
    • Self-employed for Social Security tax purposes, and
    • Taxed as employees for Federal income tax purposes
    • Tax deductions common to priests
    • Salary and allowances common to priests and the tax consequences of each
    • Retirement savings options and the tax benefits of each
    • Administrative procedures assisting the parish bookkeeper in reporting requirements
    • Time and tax-saving techniques
    • Current year sample tax returns reflecting national averages of priests’ compensation