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Hunting for a New Ministry Position Could Help Cut Taxes

February 10, 2012

Your search for new work in the ministry must be in the same field in which you’re currently or were formerly employed.

Seminary graduates are out of luck. The costs you incur in getting your first job aren’t deductible, because the tax law only allows you to write off expenses incurred in searching for another position in your present occupation.

What you can write off
•    Employment and outplacement agency fees.
•    Resume services.
•    Printing and mailing costs of search letters.
•    Want-ad placement fees.
•    Telephone calls.
•    Travel expenses, including out-of-town job-hunting trips.

Clergy Financial Resources
http://www.clergytaxnet.com

Clergy Financial Resources is a national accounting and finance organization serving churches and clergy since 1980. They have an unparalleled tax expertise on the complex issues associated with clergy tax law, clergy taxes, clergy compensation and church payroll. Clergy Financial Resources is a valuable resource for clergy, churches and denominations

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From → Clergy Tax Law

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