Your Guide to FSA Contributions
Reporting Flexible Spending Account (FSA) contributions on a W-2 depends on the type of FSA and who made the contributions. Here’s a breakdown: Where to Report FSA Contributions on Form W-2 Dependent Care FSA Box 10: Report the total amount of dependent care benefits provided to the employee, including: Amounts the employee elected to contribute…
Matching Contributions: The 403(b)(9) Advantage
The Match Game for 403(b)(9) Retirement Plans The Match Game show started on December 31, 1962. The premise of the show was simple. The contestant with the most matching answers with the celebrity panelists won the game and moved on to the “big money round”. Contestant or celebrity, there is another match game that clergy…
Guide to Housing Allowance Compliance
Housing Allowance Checklist for Clergy and Churches Board Approval Ministers may exclude a designated portion of their income as a housing allowance from federal income taxes—provided it compensates ministerial services. The church board (or governing body) must determine eligibility and formally approve the allowance before the calendar year begins or prior to the minister’s start…
