preparing taxes

Claiming Car Payments on Pastors Taxes

When it comes to deductions on taxes, the list can be long and varied depending on your occupation. This is especially true when it comes to pastors taxes. Items such as medical expenses, mortgage interest and travel expenses usually top the list. However, car payments are another standard deduction that should be kept in mind when preparing clergy tax forms.  

Business use of a vehicle is a deductible expense that can be claimed on a tax return for pastors. Members of clergy that use a vehicle for both business and personal use can deduct the cost associated with business… Continue reading