How does a pastor pay his taxes?

A pastor’s options in paying taxes during the year are:

1.     Your treasurer can withhold enough FIT (Federal income tax) to cover both the FIT and Social Security/Medicare taxes.

2.     Your treasurer can withhold FIT and you can file Social Security/Medicare taxes quarterly on Form 1040-ES.

3.     You can file quarterly on 1040-ES for all taxes.

4.     Prepaying your state taxes by withholding or quarterly estimates may also be required.

Attention: Tax Law is subject to interpretation. Please be advised that the material contained on this Web site is for information only and is not intended to be a substitute for professional legal advice. The Stewardship Services Foundation endeavors to update the information on this site on a regular basis, but cannot guarantee its accuracy at all times.