Question: If a minister is "tax exempt" by being approved on the IRS tax form 4361, does that mean he doesn't pay Federal, State or Social Security? Answer: No, Form 4361 only exempts a minister's self-employment income from SE tax normally reported and calculated on Schedule SE, Form 1040.
This blog posts answers to questions given to us by ministers and others serving in Christian ministries advancing the gospel of Jesus Christ. It also discusses other financial topics that those in gospel ministries face. We trust the information provided can be helpful to you.