What is CalSavers?

What is CalSavers?

In 2016, the state of California passed legislation requiring private sector employers to provide a retirement savings program for their employees. CalSavers is the state-sponsored plan imposed on private sector employees who don’t have an alternative provided. Visit...

Is The Minister’s Housing Allowance Taxable?

You’re a minister and you’re currently receiving the Minister’s Housing Allowance. But you’re getting ready to file taxes and need to know if this Housing Allowance is considered income.Let’s start with the basics.What is the Minister’s Housing Allowance?The...
What is a 403(b) Retirement Plan?

What is a 403(b) Retirement Plan?

A 403(b) retirement plan:Is typically established by not-for-profit 501(c)(3) employers, hospitals, self-employed ministers, and public education organizations. Allows eligible employees to make salary reduction contributions into the plan on a pre-tax and/or...