Clergy Tax Facts
Clergy Tax Tip:
To avoid cashflow issues, make sure you know how a Federal bank holiday affects your paydate. Some employers process payroll the business day before the holiday and others process payroll the business day after a holiday.
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Clergy Tax Facts |
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2011 Federal and Bank Holiday Schedule
Use this list to plan your church payroll schedule.
| Monday, January 1: | New Year's Day |
| Monday, January 17: | Martin Luther King Day |
| Monday, February 21: | Washington's Birthday/President's Day |
| Monday, May 30: | Memorial Day |
| Friday, July 4: | Independence Day Celebrated |
| Monday, September 5: | Labor Day |
| Monday, October 10: | Columbus Day |
| Wednesday, November 11: | Veterans' Day |
| Thursday, November 24: | Thanksgiving Day |
| Friday, December 25: | Christmas Day |
Please check with your bank representative if you have any banking holiday questions.
Clergy should not view this information as a substitute for professional advice. This information is subject to change, due to administrative rulings or interpretations and or technical corrections by the IRS. If legal advice or other expert assistance is required, the services of a competent clergy tax professional person should be sought.
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Get a better understanding of U.S. tax laws as they relate to pastors and churches with the Church & Clergy Tax Guide |
Every church and its employees want to feel confident that their compensation plan is reasonable and fair. |
To accomplish your church's mission and vision for ministry you need to effectively manage your church's finances |
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Clergy should not view this information as a substitute for professional advice. This information is subject to change, due to administrative rulings or interpretations and or technical corrections by the IRS. If legal advice or other expert assistance is required, the services of a competent clergy tax professional person should be sought.
