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Is TurboTax a good product for full time ministers? If so, which program is best and does it ask for all the necessary information?

Just want to make sure I receive all possible benefits filing as a minister.

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2 Replies

Is TurboTax a good product for full time ministers? If so, which program is best and does it ask for all the necessary information?

    If your only income is on a W-2, then Deluxe is fine.  If you also have other income, such as from weddings and funerals where you were paid cash, you will need a schedule C.  For the desktop product installed on your own computer, Deluxe can still do that, although Home & Business has more built in help.  If you are filing online, you would need Self Employed.

    However, turbotax does not include the Deason rule calculation for work-related expenses.  If you want to deduct expenses like supplies and mileage, you will need to make manual adjustments yourself.

    See this for more http://www.ecfa.org/PDF/2016-Preparing-Tax-Returns-For-Clergy.pdf


    Is TurboTax a good product for full time ministers? If so, which program is best and does it ask for all the necessary information?

    normally you would get a w-2 with blanks in boxes 3-6.  When you enter the W-2, check the box for "religious wages" on the page of special circumstances, and answer questions about your SE tax and housing allowance or parsonage value.
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