| 403(B) Tax-Sheltered
Accounts for Church Pastors Three tax-saving benefits (Revenue Rulings 65-208 & 63-156): 1. Income Tax 2. Social Security Tax: Ordained ministers are exempt from Social Security tax on 403b contributions. 3. Tax-free withdrawals at retirement: Tax on 403b withdrawals is exempt if the payment is used for housing allowance. |
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