July 3, 2019
There are 13 item(s) tagged with the keyword "tax code".
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Back when you started your job, you likely filled out a Form W-4. Since then, life has changed—possibly with a marriage, a new child, or a raise. Now that income tax filing season is over, did you end up owing taxes, when you expected a refund? Or perhaps you experienced month-to-month budgeting issues, because too much was being withheld from your wages.
For many ministries and their employees, April is a triple tax-deadline month. Does your ministry have the following dates circled on its calendar?
The U. S. Tax Code allows donor tax deductions to religious organizations, but the deduction comes with conditions that require the ministries to limit political activities. The best known condition is the rule against involvement in political campaigns.
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