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Originally Posted by rduell
I found this information on opting out on The Tennessee Baptist Convention's website.
A minister can opt out of Social Security by meeting strict IRS guidelines required when filing Form 4361. Form 4361 is entitled Application for Exemption from Self-Employment Tax for Use by Ministers, Members of Religious Orders and Christian Science Practitioners.
It looks like it boils down to having a religious or conscientious objection to receiving public insurance benefits. I'm sure there's more to it but wasn't up to reading the entire IRS form.  |
Thanks for providing this info. I'm certainly not a minister but had never heard anything about this. I guess a minister opting out would forfeit any money s/he had paid in to SS over a lifetime. Interesting.