2023 Mileage Rate Announced

2023 Mileage Rate Announced WASHINGTON — The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups, or panel…

Read More
Can I deduct the value of volunteer work?

Can I deduct the value of volunteer work? In short, there are certain tax benefits to take advantage of as a volunteer. In fact, any volunteer of a §501(c)(3) tax-exempt organization is entitled to receive deductible charitable contributions. Although no tax deduction is allowed for the value of the services performed for this type of…

Read More
Can I deduct the cost of a religion courses?

Can I deduct the cost of religion courses I took at church? It depends.  If the church is an accredited school, you can deduct the tuition as your education expenses. Otherwise, you cannot.  If you took the courses to prepare you for a new skill/work, they are not deductible either. However, if you work and the…

Read More

Can a Church Give an Employee Loan? During times of economic hardship, individuals may approach their employer and request a personal loan in order to help make ends meet. If an employee of a church requests a personal loan from the church, there are several issues to consider. As a matter of policy, will the…

Read More

If you would like to learn more about our tax services designed for clergy or payroll, bookkeeping or HR designed for churches, please complete the request form to have an advisor contact you.

Click Here