Take Full Advantage of Tax Law to Assist with Vehicle Expenses

There are many ways you can bless and incentivize your ministry staff in addition to their salary and health care coverage. One of those ways is to assist them with vehicle expenses used for ministry purposes.

Helping with the cost of a vehicle is a smart way to enhance an employee's compensation package. But doing it the right way is vital. This month’s National Center for Life and Liberty Resource of the Month tells you how to do this correctly, making sure you avoid costly errors and penalties.

You'll need to weigh the pros and cons of decisions like reimbursing for mileage or actual expenses, providing a car allowance vs. selling a donated vehicle to staff, leasing them a vehicle or allowing them to simply drive a vehicle the ministry owns. Each of these options have advantages and disadvantages that are important to the ministry’s tax filings and overall financial security.

We hope you’ll take time to read this important guideline, and thank you for your continued prayer and financial support of the NCLL, which allows us to provide these valuable resources each month.

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