Get the free Form W-2 for Clergy - nccumc

This document provides an illustrative example of how to complete Form W-2 for a clergy member, detailing various income components and benefits provided by the church.

How to fill out form w-2 for clergy

How to fill out Form W-2 for Clergy

1. Obtain a blank Form W-2 for Clergy from the IRS website or your tax professional.
2. Fill in the employer's information in box a, including the name, address, and Employer Identification Number (EIN).
3. Complete the employee's information in box e and f, including the clergy member's name and Social Security number.
4. In box 1, report the total taxable wages paid to the clergy member, including housing allowance, if applicable.
5. In box 2, enter the federal income tax withheld from the clergy member's wages.
6. In box 3, input the total Social Security wages, which may differ from box 1 due to allowable exclusions.
7. In box 4, report the total Social Security tax withheld from the clergy member's wages.
8. Complete boxes 5-10 as applicable, including Medicare wages and taxes, any third-party sick pay, and state or local tax information if needed.
9. Review all entries for accuracy and ensure compliance with IRS guidelines.
10. Provide copies of the completed Form W-2 to the clergy member and submit to the Social Security Administration by the deadline.

Who needs Form W-2 for Clergy?

1. Clergy members who receive wages or other compensation for their services typically need Form W-2 for Clergy to report their earnings and taxes.

People Also Ask about

Who qualifies for clergy housing allowance?

A licensed, commissioned, or ordained minister who performs ministerial services as an employee may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home.

How to calculate taxes for Clergy?

For most Clergy, this means they will pay a total of 15.3% of their self-employed wages to the government for self-employment taxes. Those who earn over $132,900 in 2019 will pay 15.3% on wages up to $132,900, and then 2.9% on everything over that.

Does a pastor have to pay self-employment tax?

The agency specifically states: “The services you perform in the exercise of your ministry are generally covered by Social Security and Medicare under the self-employment tax system, regardless of your status under the common law.

Can form 4361 be reversed?

The opting out is irrevocable, once out, the minister cannot revoke the election. The approved Form 4361 js an important document.

What is the difference between Form 4361 and 4029?

To sum it up, Form 4361 is specific to ministers and similar roles aiming for a self-employment tax exemption. In contrast, Form 4029 caters to religious group members seeking a broader exemption from Social Security and Medicare taxes.

What form do Clergy members need to file with the IRS?

Form 4361, Application for Exemption From Self-Employment Tax for Use by Ministers, Members of Religious Orders and Christian Science Practitioners. Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers.

What is the form 4361 for the Clergy?

File Form 4361 to apply for an exemption from self-employment tax if you have ministerial earnings and are: An ordained, commissioned, or licensed minister of a church; A member of a religious order who has not taken a vow of poverty; or. A Christian Science practitioner.

For pdfFiller’s FAQs

What is Form W-2 for Clergy?

Form W-2 for Clergy is a tax document used to report wages and other compensations paid to clergy members by religious organizations, as well as taxes withheld from those payments.

Who is required to file Form W-2 for Clergy?

Religious organizations that employ clergy members are required to file Form W-2 for Clergy to report income paid to their ordained ministers or other religious workers.

How to fill out Form W-2 for Clergy?

To fill out Form W-2 for Clergy, the employer must provide information such as the employee's name, address, Social Security number, total wages paid, federal income tax withheld, Social Security wages, Medicare wages, and any other applicable compensations and deductions.

What is the purpose of Form W-2 for Clergy?

The purpose of Form W-2 for Clergy is to inform clergy members and the IRS about the earnings received by the clergy, allowing for proper reporting of income and ensuring compliance with tax obligations.

What information must be reported on Form W-2 for Clergy?

Form W-2 for Clergy must report the clergy member's name, address, Social Security number, total wages paid, federal income tax withheld, Social Security wages, Medicare wages, and any other additional compensation such as housing allowances or other fringe benefits.