Roth IRA contributions?

by Richard Rizzi
(New Hampshire)

Can my church "reimburse" me for my Roth IRA contributions from the pastoral expense account?

Comments for Roth IRA contributions?

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IRA Contributions
by: MarcusNTexas

Our church sends a monthly retirement annuity payment directly to Guidestone Financial Resources as part of our pastor's total salary and benefits package. As far as I know those contributions are not reported by him as taxable income but will be taxable in the future when the required minimum distribution rules kick in once he has retired and reached 70 1/2. This is something that our church has approved in the annual operating budget.

It would seem to me that the situation described by the questioner would not be too different as long as the church has voted to allow it.
thanks
by: Rich R.

thanks for the input.
I would like to hear from anyone else who may already have experience with this.
Roth IRA contributions?
by: Lewis in NC

This would be a good question to ask your church Executive Board of Directors as to whether this is a benefit to you as a pastor (or could be) and to the IRS as to the tax implications.

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