This Week's LessonWeek of July 15
Our lesson this week examines the topic of pastor's educational expenses. The Executive Summary provides a concise review of the key points. Before we get started, test your knowledge by completing the following quiz.
A pastor takes a course in organizational theory at a local university. The pastor's employing church pays the full cost of tuition, plus books and fees. The total cost comes to $2,500. Should this amount be reported as taxable income to the pastor, or is it a tax-free fringe benefit?