Discussion:Clergy SE Tax on Elective 403(b) deferral?
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| {{ForumNewPost|UserID=Jdugancpa|Date=12 March 2009|Text=Unless there is something I have missed in the W-2 worksheet, Pro Series is not adding my 403(b) deferral into SE income for the calculation of SE tax for my minister-client. Does this make sense? If it were a non-clergy W-2, the SS/MC wages would be higher by the amount of the deferral. Therefore it makes sense to me that the deferral should be added in when calculating SE tax. I've added that amount onto the SE Adjustments Worksheet to pick it up. Does this make sense?}} | {{ForumNewPost|UserID=Jdugancpa|Date=12 March 2009|Text=Unless there is something I have missed in the W-2 worksheet, Pro Series is not adding my 403(b) deferral into SE income for the calculation of SE tax for my minister-client. Does this make sense? If it were a non-clergy W-2, the SS/MC wages would be higher by the amount of the deferral. Therefore it makes sense to me that the deferral should be added in when calculating SE tax. I've added that amount onto the SE Adjustments Worksheet to pick it up. Does this make sense?}} | ||
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| + | {{ForumReplyPost|UserID=Jdugancpa|Date=12 August 2009|Text=JR & others, I posted this question during tax season but never received a response. I am doing another pastor and the question arises again. In my estimation, the 403(b) deferral must be added to SE income, since were this any employee other than an ordained minister, the 403(b) deferral would not be a reduction to box 3 or box 5 wages. Would you concur, or am I missing some obscure point relative to ministerial taxation that would allow them to exclude that from SE income?}} | ||
Revision as of 18:45, 12 August 2009
Discussion Forum Index --> Advanced Tax Questions --> Clergy SE Tax on Elective 403(b) deferral?
Discussion Forum Index --> Tax Questions --> Clergy SE Tax on Elective 403(b) deferral?
| 12 March 2009 | |
| Unless there is something I have missed in the W-2 worksheet, Pro Series is not adding my 403(b) deferral into SE income for the calculation of SE tax for my minister-client. Does this make sense? If it were a non-clergy W-2, the SS/MC wages would be higher by the amount of the deferral. Therefore it makes sense to me that the deferral should be added in when calculating SE tax. I've added that amount onto the SE Adjustments Worksheet to pick it up. Does this make sense? | |
| 12 August 2009 | |
| JR & others, I posted this question during tax season but never received a response. I am doing another pastor and the question arises again. In my estimation, the 403(b) deferral must be added to SE income, since were this any employee other than an ordained minister, the 403(b) deferral would not be a reduction to box 3 or box 5 wages. Would you concur, or am I missing some obscure point relative to ministerial taxation that would allow them to exclude that from SE income? | |
