Pastors Can No Longer Itemize Deductions for Business Expenses
According to Richard Hammer, "prior to The Tax Cuts and Jobs Act of 2017, certain business expenses were deductible if, in aggregate, they exceeded 2 percent of the taxpayer’s adjusted gross income." However, recent tax reform means that certain business expenses are no longer deductible. This article suggests that small churches will be the ones bearing the brunt of these changes. Click here to read more.
Source: Christianity Today