*** The 39th Annual Edition for 2025 will be available for shipping January 20, 2026. ***

Please note: If your order hangs up (page spooling) or doesn’t go through (card fail on valid card) try a different browser and/or try only using the 5-digit zip code). If you do not receive an email notification, check your spam. In addition, a receipt will be included with the order.

*** 39th Annual Edition ***
The One Big Beautiful Bill Act (OBBBA) provides many positive advantages for clergy. There is a lot to unpack, and it is all included in the 39th Edition.

No matter how the tax laws and forms evolve in the future, one thing is constant: You will still have to pay taxes. The tax code is complex and with the passing of new laws it becomes more complex.

A comprehensive guide to assist priests in preparing their Federal Income Taxes in the easiest, most accurate and cost effective way. [Click on the book cover to the right or scroll down and click on the ‘order’ buttons below.]

How does your tax return compare to the examples in the book? If something is different, ask yourself [and your tax preparer] why.

The Tax Cuts and Jobs Act of 2017 was the most significant tax reform legislation in over 30 years! Now the OBBBA makes many provisions permanent, and adds several temporary provisions.

There are many changes, including but not limited to:

• Tax Free Tips — What they are and how to deduct them
• Bonus Deduction for Clergy age 65 and older
• Several of the 2025 forms have been modified to capture tax law changes.
• Deductible interest on new cars, without itemizing
• Effective January 1, 2025 there are new catch-up provisions for 401(k) and 403(b) participants who are 60-63 in 2025.
• Higher Standard Deductions have been made permanent and increased for inflation
• Itemizers can deduct up to 60% of earnings of Adjusted Gross Income.
• The Pass Through Deduction permanently provides tax savings to those with Schedule C income.
• New tax brackets have been updated for inflation with many other updated figures.
• Qualified Long-Term Care insurance can may be deducted on Schedule 2.

Continuing:

• Option for State Sales Tax deduction
• The Qualified Business Income Deduction (Pass Through) requires Form 8995.
• Deduction for clergy teacher expenses
• Higher limits for retirement savings credit
• Tax free distributions directly from IRA’s to charities (increased amount)
• Special tax treatment for housing and food (with conditions)
• More changes and features included in this year’s edition.

Highlights of contents

• Recent changes to tax laws applicable to priests
• The unique tax reporting requirements for priests based on their dual status of:
  • Self-employed for Social Security tax purposes, and
  • Taxed as employees for Federal income tax purposes
  • Tax deductions common to priests
  • Salary and allowances common to priests and the tax consequences of each
  • Retirement savings options and the tax benefits of each
  • Administrative procedures assisting the parish bookkeeper in reporting requirements
  • Time and tax-saving techniques
  • Current year sample tax returns.