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Do i pay taxes if i am the events coordinator for a religious organization?
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Do i pay taxes if i am the events coordinator for a religious organization?
if you are not clergy, compensation is taxable. if you are, see this link
https://www.irs.gov/taxtopics/tc417
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Do i pay taxes if i am the events coordinator for a religious organization?
Are you asking about what they pay you? Yes it is taxable. That is probably self employment income. Or did you get a W2?
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Do i pay taxes if i am the events coordinator for a religious organization?
If you receive compensation for performing services, that is included in your taxable income. It doesn't matter if you are clergy or not, and it doesn't matter if you are an employee or an independent contractor. All your compensation for providing a service is taxable income.
If you are clergy, or an independent contractor, the rules for how you pay income taxes are different than if you are a regular employee, and we can go over that if you provide more details. But all your compensation is taxable income one way or the other.
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Do i pay taxes if i am the events coordinator for a religious organization?
thank you sooo much! What if i Don't take a salary from the Religuous organization. I withdraw from my 401K. Is there any way I can get a tax break for volunteering?
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Do i pay taxes if i am the events coordinator for a religious organization?
You can take a tax deduction for charity donations for the value of mileage that you drive while performing service to the charity at 14 cents per mile. You can take a tax deduction for the value of items that you donate to the charity, including items that you purchase for the charity, such as supplies. You cannot take a tax deduction for the value of your time, or for the value of personal property such as a computer or your phone that you use while performing services for the charity but which don’t become the property of the charity.
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