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What to Know About Tax Preparation Software for Pastors

Understanding the benefits and pitfalls of using tax programs for clergy.

What to Know About Tax Preparation Software for Pastors
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Tax preparation software packages, such as TurboTax, TaxAct, H&R Block, and TaxSlayer, are becoming popular ways for individuals to prepare their own income tax returns. However, these software packages are not specifically designed to address some of the tax rules unique to ministers.

Ministers using a tax software package to prepare their income tax returns should be familiar with these unique rules, and should consider seeking the advice of a tax professional with experience in preparing ministers’ tax returns, in order to ensure that their tax returns are prepared accurately.

Software benefits

Most of the leading income tax software products are offered in boxed, downloadable, or online versions, making them easily accessible. They are also relatively inexpensive, generally in the $50 to $100 range for the federal self-employed version, with an additional cost to prepare a state ...

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Posted:
  • January 20, 2021

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