Publication 517 - Social Security And Other Information For Members Of The Clergy And Religious Workers - 2011
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30Publication 517
Contents
Cat. No. 15021X
What’s New . . . . . . . . . . . . . . . . . . . . . 1
Social Security
Department
of the
Reminder . . . . . . . . . . . . . . . . . . . . . . 2
Treasury
Introduction . . . . . . . . . . . . . . . . . . . . . 2
and Other
Internal
Social Security Coverage
. . . . . . . . . . . 3
Revenue
Service
Ministerial Services
. . . . . . . . . . . . . . . 4
Information for
Exemption From
Self-Employment (SE) Tax
. . . . . . . . 5
Members of the
Self-Employment Tax: Figuring
Net Earnings
. . . . . . . . . . . . . . . . . 7
Clergy and
Income Tax: Income and
Expenses
. . . . . . . . . . . . . . . . . . . 8
Filing Your Return
. . . . . . . . . . . . . . . . 10
Religious
Retirement Savings
Arrangements
. . . . . . . . . . . . . . . . 10
Workers
Earned Income Credit
. . . . . . . . . . . . . . 11
Comprehensive Example
. . . . . . . . . . . 12
Worksheets
. . . . . . . . . . . . . . . . . . . . . 24
How To Get Tax Help
. . . . . . . . . . . . . . 27
For use in preparing
Index . . . . . . . . . . . . . . . . . . . . . . . . . . 29
2011
Returns
What’s New
Future developments. The IRS has created
a page on IRS.gov for information about Pub.
517, at Information about
any future developments affecting Pub. 517
(such as legislation enacted after we release it)
will be posted on that page.
Self-employment tax deduction. For 2011,
the self-employment tax deduction is revised to
reflect an employer’s equivalent portion of tax.
Previously, the deduction was equal to one-half
of the self-employment tax. See the Instructions
for Schedule SE (Form 1040) for more informa-
tion.
SE tax rate. For 2011, the Old Age, Survivors,
and Disability Insurance (OASDI) portion of the
SE tax is reduced by 2%, from 12.4% to 10.4%.
The Medicare (HI) portion of the SE tax remains
2.9%. As a result, the SE tax rate is reduced
from 15.3% to 13.3%. For more information, see
the Instructions for Schedule SE (Form 1040).
Earnings subject to social security. For
2 0 1 1 ,
t h e
m a x i m u m
w a g e s
a n d
self-employment income subject to social secur-
ity tax remains $106,800.
Deduction for self-employed health insur-
ance. This deduction is no longer allowed on
Schedule SE. However, you can still take it on
Form 1040, line 29. See the Form 1040, line 29
instructions.
Modified AGI limit for traditional IRA contri-
butions increased. For 2011, you may be
Get forms and other information
able to take an IRA deduction if you were cov-
faster and easier by:
ered by a retirement plan at work and your
modified AGI is:
Internet
IRS.gov
•
Less than $110,000 if married filing jointly
or qualifying widow(er),
Feb 24, 2012
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