Category Archives: 2017

IRS Announces 2018 Standard Mileage Rates

The Internal Revenue Service recently issued the revised standard mileage rate which is used to calculate the deductible costs of operating an automobile for business purposes during 2018. Beginning January 1, 2018, the standard mileage rate for the use of … Continue reading

Posted in 12 - December 2017 | Leave a comment

Year-End Contributions to Churches

As we approach the end of each year, there are always questions about the tax deductibility of charitable contributions made to local churches. The rule is relatively simple – donors must deliver or mail (with the postmark visible) checks on … Continue reading

Posted in 12 - December 2017, Charitable Gifts | Leave a comment

Board Grants Year-End “Bonus” to Participants

In the recent meeting of the Board of Directors of the Church of God Benefits Board, the entity charged with managing the Ministers’ Retirement Plan, action was taken to grant a special year-end interest allocation to all participants in the … Continue reading

Posted in 12 - December 2017, Investments | Leave a comment

Year-End Contributions to Your Retirement Account

All pension contributions received in the Board’s office by the close of business on Thursday, December 28, 2017, will be posted to the participant’s account and will apply against the participant’s 2017 contribution limits. Contributions received in this office after … Continue reading

Posted in 12 - December 2017, Retirement Contributions | Leave a comment

Housing Allowance Held Unconstitutional

On October 6, 2017, a federal district court judge in Wisconsin ruled that the ministerial housing allowance violates the Constitution. Judge Barbara Crabb held that Section 107(2) of the Tax Code, the provision that specifically addresses the “cash” ministerial housing … Continue reading

Posted in 12 - December 2017, Ministerial Housing Allowance, Ministers | Leave a comment

Trustees’ Fund Rate for 2018

In the recent meeting of the Board of Trustees of the Church of God Benefits Board, the entity charged with managing the Ministers’ Retirement Plan, the return on the Trustees’ Fund was set at four percent (4.00%) for 2018. In a time … Continue reading

Posted in 12 - December 2017, Investments | Leave a comment

Housing Allowance Held Unconstitutional

As expected, a federal district court judge in Wisconsin has ruled that the ministerial housing allowance violates the Constitution. In a ruling dated October 6, 2017, Judge Barbara Crabb held that Section 107(2) of the Tax Code, the provision that … Continue reading

Posted in 10 - October 2017, 2017, Ministerial Housing Allowance | Leave a comment