- Housing Allowance and Form 1099-MISC Reporting (most page views all-time)
- Missions Trip Giving
- Churches Recording Depreciation
- Rental of a Church Parsonage to a Non-minister
- Travel for Mission Trip Deductible as Charitable Donation
- Church Withholding of FICA Taxes
- Self-Employed Health Insurance Deduction
- Benevolent Gift Rules Review
- Ministers' Retirement Options
- Benevolent Fund Giving and Disbursement
After the Affordable Care Act was passed, the IRS originally determined that an HRA was not a qualified group health plan. The Cures Act overrules this decision. HRAs are again an option for qualifying small employers.
To be eligible, the small employer must have fewer than 50 employees and must not offer a group health plan to any of its employees.
The Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) must be subject to the following terms.
No salary reduction contributions may be made (i.e., 100% employer-funded).Employer must receive proof of employee’s minimum essential coverage.Reimbursements must be for qualifying medical expenses.Reimbursements for any year cannot exceed $4,950 (or $10,000 for family coverage), which will be adjusted annually for inflation.Employer must offer the …