Category Archives: Uncategorized

In an unusual, but expected, move, the Internal Revenue Service recently announced that they are raising the allowed reimbursement rate used for calculating business miles in private vehicles. Effective July 1, 2022, the new mileage rate will be 62.5 cents a … Continue reading →

New legislation passed in July 2021 extended the Public Service Loan Forgiveness to the student loans of ministers and other employees of non-profit, faith-based entities, including churches.  Therefore, under the Public Service Loan Forgiveness (PSLF) Program, ministers and church employees are … Continue reading →

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 2022.  Beginning January 1, 2022, the standard mileage rate for the use of … Continue reading →

With each New Year comes new rules, new regulations, and new contribution limits. Therefore, all of the Benefits Board’s free educational manuals have been updated to take into consideration all relevant changes for 2022. You can access the latest version … Continue reading →

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 →

If you passed away today, would your family know how to access all your important accounts, files, insurance policies, and even social media accounts? The current pandemic has contributed to hundreds of thousands of deaths of people who would have … Continue reading →

As a part of the recent stimulus legislation passed by Congress, the Federal Emergency Management Agency (FEMA) is making available emergency funeral assistance for those who died from COVID-19. Up to $9,000 per death may be provided if the applicant … Continue reading →

A W-2 form must be issued to any employee (including ministers) who received compensation from the local church during the previous tax year. In addition, 1099-NECs (a new form) must be issued to all independent contractors who received more than … Continue reading →

With each New Year comes new rules, new regulations and new contribution limits. Therefore, all of the Benefits Board’s free educational manuals have been updated to take into consideration all relevant changes for 2021. You can access the latest version … Continue reading →