Making Sense of the Tax Cuts and Jobs Act
Making Sense of the Tax Cuts and Jobs Act
What tax law changes mean for church employees and donors.

Editor’s note: Treasurers and other church leaders continue to grapple with how the Tax Cuts & Jobs Act of 2017 affects their staff’s payroll, charitable giving, taxes, and other financial areas of their ministry. The following article will help you better understand how the Act does—and doesn’t—apply to your church. Specifically, it addresses areas related to donor giving and will help you guide employees as they seek to understand the new tax brackets, changes in deductions and tax credits, and other information pertinent to individual taxpayers.

The Tax Cuts and Jobs Act of 2017 amends the Internal Revenue Code to reduce tax rates and modify credits and deductions for individuals and businesses. With respect to individuals, the bill:

  • Replaces the seven existing tax brackets (10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent, and 39.6 percent) with seven new and lower brackets (10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent).

Log In For Full Access

Interested in becoming a member? Learn more.

Related Topics:
Posted: January 23, 2019
View All
from our store
2020 Church & Clergy Tax Guide

2020 Church & Clergy Tax Guide

Find comprehensive help understanding United States tax laws as they relate to pastors and churches.
Church Finance

Church Finance

Learn about budgeting, financial reporting, tax compliance, insurance coverage, and more.
Charitable Contributions Bulletin Inserts

Charitable Contributions Bulletin Inserts

Help your members give more by answering their charitable giving and tax law questions.

ChurchSalary

ChurchSalary

Experience a whole new way to set compensation. Eliminate the guesswork – get access to detailed compensation reports in just minutes.