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Guidestone: Social Security Considerations: Why Opting out is NOT the Answer

MINISTERIAL TAX ISSUES ARE UNIQUE

As you begin your career in ministry, there are several complex, yet important, questions you need to answer regarding your tax-filing status. For example, are you an employee or are you self-employed? Are you classified as a Minister for Tax Purposes? Do you qualify for opting out of Social Security? Or, more importantly, should you opt out of Social Security? Opting out of Social Security is not a decision you should take lightly, which is why GuideStone® is here to provide the detailed and accurate information you need to make a well-informed choice.

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