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Clergy Self Employment Tax and Income Tax
Good Afternoon,
I have a couple of questions.
1. Do you need to make quarterly payments if you are having additional taxes withheld on your w-4 to cover social security, Medicare and income tax?
2. Also as a pastor to you pay income tax on the fair market rental value (includes utilities)?
The church pays me by W-2 and withholds additional federal taxes that I have requested, how do I know if it is enough?
‎August 28, 2024
11:51 AM