Tax Manual For Deacons

The 2020 Supplement to Tax Manual for Deacons is available. Order now!
Shipping begins and PDF Supplements are available beginning January 20th.

The 2020 tax year once again brings many changes.  For 2020 tax returns, the IRS has changed Form 1040, Schedule 1, Schedule 3, Schedule SE, and more.

Tax Manual for Deacons

Tax Manual for Deacons [Revised] is available now, along with the 2020 Supplement. You can order the Tax Manual and Supplement by clicking on the Tax Manual For Deacons gray cover (above) or by clicking on the buttons below (scroll down).

Button #1 – “Order Online” = To order Tax Manual For Deacons [Tax Manual + 2020 Supplement]

Button #2 – “Order by Mail” = To print form and order the Tax Manual For Deacons [Tax Manual + 2020 Supplement]

Button #3 – “Order 2020 Supplement as PDF Only

The PDF is $15 and will be emailed within 24 hours of order being placed [beginning January 20th]. The 2020 Supplement complements Tax Manual For Deacons published in 2019, providing for updates to tax year 2018 and 2019 figures, forms, and data that are or may be primary items of interest and affecting deacons.

Tax Manual For Deacons! Order now!
[Click on the gray book cover or on the ‘order’ buttons below.]

A comprehensive guide to assist deacons in preparing their Federal Income Taxes. As ordained clergy deacons enjoy (and suffer) the same tax treatment as Catholic priests.

The Tax Cuts and Jobs Act was the most significant tax reform legislation in over 30 years! Now provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Families First Coronavirus Response Act (FFCRA), and the Consolidated Appropriations Act 2021 (CAA 2021) all impact 2020 and future years tax returns.

There are many changes, including but not limited to:

  • The 2020 Form 1040 is modified and is again longer than the previous year
  • Two of the three Schedules have been modified
  • Schedule SE is modified with NO short form available; more calculations and lines to fill
  • Federal Stimulus Payments and Rebates/Credits
  • Paycheck Protection Program (PPP) Loans for individuals with Schedule C
  • Standard Deductions have been increased
  • An ‘above the line’charitable deduction of up to $300/$600 for those who do not Itemize
  • Itemizers can deduct up to 100% of earnings
  • COVID-19 Sick Leave under FFCRA
  • The Qualified Business Income Deduction requires Form 8995
  • Unreimbursed employee expenses have been eliminated as deductions through 2025
  • Itemized Deductions have changed and some have new limits
  • The tax brackets at the lower rates have been updated for inflation with many other updated figures.
    • ALL of the tax provisions that apply to priests (see that web page) may also apply to deacons.
    • Find out how a little planning and coordination can positively affect Federal Income Taxes — in some cases by thousands of dollars.
    • Sample tax returns for different situations.
    • Learn how to reduce income and get a tax deduction at the same time [legal double dipping!]