Back in April 2024, the US Department of Labor published a rule requiring all employers (including churches) to increase the minimum salary threshold for exempt workers in both July 2024 and January 2025, with regularly scheduled increases after that. However, in...
Church
How can to set up a Qualified Charitable Distribution (QCD)
To set up a Qualified Charitable Distribution (QCD) from your IRA to a qualifying charity, follow these detailed steps and ensure you meet all IRS guidelines, limitations, and restrictions: Steps to Set Up a QCD Verify Eligibility: Age Requirement: Ensure you are at...
Are Ministry Dues Deductible?
Ministry dues can qualify as a professional expense under the Internal Revenue Code if they meet certain criteria. According to the Internal Revenue Code and relevant regulations and rulings, the deductibility of such expenses depends on whether they are considered...