How Do I Pay Estimated Taxes?
Clergy are subject to estimated tax payments on a quarterly basis which include federal, social security and state taxes. For example, when you receive clergy income in the first quarter of the year, the taxes are due at the end of that quarter. The year is divided into four payment periods, or due dates, for estimated tax purposes which are listed below. Clergy can also elect to have income taxes withheld from their compensation by means of voluntary withholding agreements which may simplify the budgeting.
Payment 1 – April 15th (January through March)
Payment 2 – June 15th (April through June)
Payment 3 – September 15th (July through September)
Payment 4 – January 15th (October through December)
Is this your first ministry position? Are you moving? Have you had a change in your compensation? Let us calculate your estimated payments or optional withholdings . This service will ensure that your tax liabilities are paid on time and no surprises at the end of the year.
Three Easy Steps
Please complete the following three steps, enrollment, uploading documents and scheduling your appointment. During this review, we’ll calculate your federal and state estimate payments. Plus, identify possible tax saving opportunities.
Step 1 – Estimated Payment Enrollment – Click Here
Step 2 – Upload or fax (888) 876-5101 the following documents
- 2019 Tax Return
- Outline of your compensation package
- last paystub(s) for all non-clergy income
- last paystub(s) for all clergy income
Step 3 – Schedule an Appointment – Click Here
After the enrollment and uploading your documents, please schedule an appointment using the link above or feel free to contact us. The meeting scheduler will display an up-to-date calendar and let you pick a convenient time. We will contact you at the scheduled time with the phone number provided.
For more information or if you prefer to make an appointment over the phone or need additional assistance, please use the contact information below.
Clergy Financial Resources
11214 86th Avenue N.
Maple Grove, MN 55369
Tel: (763) 425-8778
Fax: (888) 876-5101