Page 23: 2027 Projected Income Worksheet
Skip this page if you know of nothing that will change about your income in 2027.
You need this page if you expect a raise, a new housing designation, a retirement, a job change, or a new source of income next year. Completing it carries an additional processing fee of $24.95.
What this page does. It looks forward. We use it to work out your 2027 estimated payments and your housing allowance for next year, so you are not surprised in April 2028. It is a worksheet of expected changes, not a second copy of your 2026 income.
Before You Begin
Please gather the following information:
- Your most recent pay stubs for all clergy and non-clergy employment
- Any compensation agreements or salary notices for 2027
- Housing allowance designation information, if available
- Records of expected business, rental, or retirement income changes
- Information about any major life or employment changes expected during the year
Remember, this page is intended to capture expected changes, not simply repeat your 2026 income.
Completing the Worksheet
Employer or Church Information
The worksheet provides up to four columns (A through D).
For each column, enter:
- The name of the church, employer, business, or income source
- Whether the income belongs to the Taxpayer or Spouse
Use a separate column for each income source.
Enter Changes, Not Total Income
This is the most important instruction on the page.
Please enter the expected increase or decrease in income for 2027 rather than your entire annual income.
Examples
Salary Increase
If you expect a $2,000 raise:
✅ Enter: 2,000
Don’t enter your full salary.
Salary Decrease
If your compensation will decrease by $1,200:
✅ Enter: -1,200
Using a minus sign helps us project your income accurately.
No Change
If a category is expected to remain the same:
✅ Leave the line blank
We will assume the amount remains consistent with your current income.
Salary Increase Percentage
If you know your raise as a percentage rather than a dollar amount, you may enter the percentage.
Example
✅ 3%
✅ 5%
Please use either:
- The percentage increase line, or
- The salary adjustment line
but not both for the same income source.
Clergy Income Changes
Clergy Salary
Enter changes to your cash salary only.
Do not combine housing allowance with salary.
Housing Allowance
Enter any expected changes to your designated housing allowance.
Keeping salary and housing allowance separate helps us accurately project your tax situation and housing allowance planning.
Social Security (SECA) Allowance
If your church provides a Social Security or SECA allowance, enter any expected increase or decrease separately.
Honoraria and Occasional Ministry Income
Include anticipated changes for:
- Weddings
- Funerals
- Guest preaching
- Retreat speaking
- Other honorarium income
If you expect these amounts to increase or decrease significantly, please include that information.
New Ministry Opportunities
If you expect to begin a new ministry activity during 2027, please provide:
- Whether it belongs to the Taxpayer or Spouse
- A brief description of the ministry activity
- The expected income
Examples:
- Guest preaching ministry
- Chaplaincy work
- Conference speaking
- Ministry consulting
Other Sources of Income
Please report expected changes for any of the following:
Secular Employment (W-2 Income)
Examples:
- New employment
- Salary increases
- Reduced hours
- Job changes
Self-Employment or Business Income
Examples:
- Consulting
- Coaching
- Counseling
- Other side businesses
Rental or Royalty Income
Include expected changes in rents, leases, or royalty payments.
Pension Income
Report expected increases, decreases, or new retirement income.
Other Taxable Income
Use the applicable section for any income source not specifically listed.
Please identify the source clearly so we understand what is changing.
Estimated Housing or Manse Expenses
If you receive a housing allowance or live in a church-owned residence, please estimate your expected housing expenses for 2027.
Examples include:
- Mortgage or rent
- Utilities
- Property taxes
- Insurance
- Furnishings
- Repairs and maintenance
- Other housing costs
These estimates help us evaluate housing allowance planning for the coming year.
Upload Current Pay Stubs
Please provide your most recent pay stubs for:
- Clergy employment
- Non-clergy employment
- Any other significant income source
Current pay information helps us prepare a more accurate projection.
Comments Section
Use the comments section to tell us about any significant changes expected during the year.
Examples include:
- Retirement plans
- Church transitions
- Compensation restructuring
- Relocation
- New ministry opportunities
- Business expansion
- A spouse starting or leaving employment
- A church merger or organizational change
A short explanation often provides valuable context that numbers alone cannot.
Common Mistakes to Avoid
Enter the Change, Not Your Total Salary
This is the most common mistake on this page.
For example:
If your current salary is $65,000 and you are receiving a $2,000 raise:
✅ Enter: $2,000
❌ Do not enter: $67,000
Entering the full salary can result in projections that are dramatically overstated.
Use a Minus Sign for Reductions
If income will decrease, enter the amount as a negative number.
Example:
✅ -1,200
instead of:
❌ (1,200)
❌ 1,200 with a written note
Don’t Use Both Salary Increase Methods
Choose either:
- Percentage increase, or
- Dollar increase
Using both can accidentally double the projected adjustment.
Keep Salary and Housing Allowance Separate
Housing allowance and salary are treated differently for tax planning purposes.
Please report them separately rather than combining them into one amount.
Include Known Future Changes
Even if a change won’t happen until later in the year, please include it if you already know about it.
Examples:
- Retirement in October
- New church call beginning in July
- Housing allowance increase beginning mid-year
A brief note about when the change will occur is very helpful.
No Changes Is Perfectly Fine
If you expect 2027 to look very similar to 2026, it is perfectly acceptable to leave most of the worksheet blank.
In that case, we’ll generally use your current information as the starting point for next year’s projection.
When You’re Finished
Before moving on, take a moment to confirm that you have:
✓ Listed each employer or income source
✓ Entered expected income changes rather than total income
✓ Separated salary and housing allowance adjustments
✓ Included new income sources
✓ Estimated housing expenses for the coming year
✓ Uploaded current pay stubs
✓ Added comments explaining significant life or ministry changes
A completed Page 23 gives us the information needed to help you plan ahead, estimate taxes more accurately, and make informed decisions about housing allowances and withholding for the coming year. The more complete your projections, the more valuable your planning results will be.