Compensation and Benefit Services exists to serve lay leaders and church employees by providing guidance in a variety of financial matters.
Churches face critical decisions regarding financial matters that must be made in compliance with applicable laws and in accordance to biblical mandates. We provide consultation in matters related to retirement planning, insurance protection, tax considerations, and structure and administration of compensation for pastors and staff. We work closely with GuideStone Financial Resources of the Southern Baptist Convention to offer wise counsel that is undergirded and empowered by spiritual insight.
2020 Compensation Survey Postponed
Due to COVID-19, the 2020 church compensation survey sponsored by Lifeway and GuideStone has been postponed until 2022 in order to capture a more accurate look at compensation and benefits across the Southern Baptist Convention.
Churches that utilize the 2018 church compensation survey should consider adjusting the reported results to include a cost of living increase since the survey data is dated. Per The Kiplinger Letter, the 2019 annual increase in the Consumer Price Index is 2.3%, and should be approximately the same increase for 2020.
IRS issues standard mileage rates for 2022
Last week the IRS published Announcement 2022-13, IRS Announcement 2022 -13 that it will increase the optional standard mileage rate for the second half of 2022. Effective July 1, 2022, the standard mileage rate for business/ministry related travel will increase by four cents per mile, to 62.5 cents per mile.
Also, the medical mileage rate will also increase by four cents, to 22.0 cents per mile, as will the moving mileage rate available to members of the Armed Forces of the United States on active duty who move pursuant to a military order. However, the charitable mileage rate of 14.0 cents per mile did not change, as it is set by statute.
The IRS rarely makes midyear increases to the optional mileage rates, and the last such update was in 2011. IRS Commissioner Chuck Rettig said in the announcement that the adjustment was made to better reflect recent changes in fuel prices.
Below is a table reflecting the 2022 mileage rates by reporting period. However, note that you should continue to use the existing 2022 rate through June 30, 2022, as shown in the table below.
2022 Mileage Rates
|January 1 – June 30, 2022||July 1 – December 31, 2022|
|Business||58.5 cents per mile||62.5 cents per mile|
|Medical||18.0 cents per mile||22.0 cents per mile|
|Moving (available to members |
of the Armed Forces of the United
States on active duty who move
pursuant to a military order)
|18.0 cents per mile||22.0 cents per mile|
|Charitable||14.0 cents per mile||14.0 cents per mile|