Can retired ministers receive part of their retirement benefits from GuideStone as a tax-free housing allowance?
Yes. Retired ministers can receive up to 100% of their retirement benefits from a church pension board as a tax-free housing allowance. Information provided by GuideStone Financial Resources. For more information on housing allowance, order “Planning Financial Support of Pastors, Other Ministers and Church Employees” from Financial Support, Tennessee Baptist Convention, P.O. Box 728, Brentwood, TN 37024 or e-mail Joyce Harvey at jharvey@tnbaptist.org. (phone: 615/ 371-2053) or GuideStone Financial Resources, at 1-800-262-0511 or www.guidestone.org. Employee or Self-Employed? Because they are called to the ministry, many ministers do not think of themselves as employees. But most ministers get paid for their services. In the eyes of the Internal Revenue Service (IRS), people who get paid for performing services are either employees or self-employed. Are most ministers employees or self-employed? Most ministers have a “dual tax status.” That means that although ministers are always self-
