DALLAS (BP) – GuideStone has released its most popular annual publication, the 2021 Ministers’ Tax Guide for 2020 Returns, available now for GuideStone participants at GuideStone.org/TaxGuide. The tax guide includes tax highlights for 2020 – including 2021 annual contribution limits, 2021 standard business mileage rates and certain tax implications of the CARES Act – along with step-by-step filing instructions for ministers’ personal taxes and comprehensive examples and sample forms.
Additionally, GuideStone participant churches and church administrators have access to the annual Federal Reporting Requirements for Churches. This publication is included in the full tax guide or as a separate electronic copy.
GuideStone participants can receive both free resources by visiting GuideStone.org/TaxGuide or can request a free printed copy of the tax guide by calling 1-888-98-GUIDE (1-888-984-8433) (printed copies are limited).
The guide was again written this year by Richard Hammar, a noted CPA, attorney and widely published author who specializes in legal and tax issues for ministers.
“We are thankful once again to provide the tax guide for our participants and their preparers,” said GuideStone President O.S. Hawkins. “This free guide is a tangible way in which we live out our vision of honoring the Lord by being a lifelong partner with our participants in enhancing their financial security.”