Ministry Business Expenses
An Accountable Plan could be your Most overlooked Tax Advantage
In view of the new tax regulations that state miscellaneous itemized deductions will no longer be deductible starting in 2018, ministers’ have only the option of implementing an accountable plan for job-related expense reimbursement. Knowing what you can claim for ministry expenses and accounting for them properly is critical in tax planning and optimization.
- An Accountable Plan increases ministers’ take-home pay without costing the church anything.
- An Accountable Plan actually encourages your ministry growth.
- Learn how an accountable reimbursement plan is a ministers’ second biggest tax advantage.
- Understand what to claim for reimbursement and avoid missed opportunities.
Register to view, “Setting up an Accountable Plan” video for more detailed information and examples with the booklet for easy reference.