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Introduction. Three federal taxes are paid on wages and self-employment income—income tax, social security tax, and Medicare tax. Social security and Medicare taxes are collected under one of two systems. Under the Self-Employment Contributions Act (SECA), the self-employed person pays all the taxes.
Publication 517 covers the collection of social security and Medicare taxes from members of the clergy and religious workers, including how members of the clergy can apply for exemption from self-employment tax.
Publication 517 outlines the tax benefits of charitable contributions, including deductions for donations made to qualified charitable organizations and the documentation required for claiming deductions.
UltraTax CS includes the IRS Publication 517 clergy worksheets related to income and deduction items for ministers and religious works in individual tax returns. The worksheets calculate the following items:
Publication 517 details the ways that those who work in or perform services for religious organizations and orders are required to file their income, Social Security, and Medicare taxes.
The 2018 Form 1040 has been redesigned and is supplemented with new Schedules 1 through 6. These additional schedules will be used as needed to complete more complex tax returns. References to Form 1040 and its related schedules have been revised accordingly in this publication.
This publication also covers certain income tax rules of interest to ministers and members of a religious order. In the back of Pub. 517 is a set of work-sheets that you can use to figure the amount of your taxable ministerial in-come and allowable deductions. Note. In this publication, the term “church”
This publication covers the following topics about the collection of social security and Medicare taxes from members of the clergy and religious workers. • Which earnings are taxed under FICA and which under SECA.
IRS Publication 517 31 contains some helpful schedules in calculating a minister's taxable income and self-employment income.
IRS Publication 517 can be found on the IRS website. The publication provides tax information for religious workers and members of the clergy and covers topics such as how to file your taxes, what deductions and credits you may be eligible for, and how to claim an exemption from filing a tax return.