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Many who live outside of the U.S. for more than a year qualify for the Foreign Earned Income Exclusion; this greatly reduces the amount of tax that needs to be paid for many people. You may qualify. In 2022, an eligible foreign worker can exclude up to $112,000 of income from federal income taxes. Read about the Foreign Earned Income Exclusion and speak with your tax advisor for more details. Be sure to submit an accurate W-4 form to Reliant to avoid having too much federal income taxes withheld from each paycheck and receiving a large income tax refund when living on a needs-based salary.

Can I receive parsonage as an international missionary?

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Reliant employees are eligible for the 401(k) plan after one year of service.  Employees will be auto-enrolled in the 401(k) plan at the quarterly enrollment date following their one-year eligibility date.   Reliant Reliant does offer an employer match. Reliant matches up to 5% of your eligible wages (salary and bonuses) in a contribution that comes from the MTD account (if you contribute at least that much through payroll deductions). The source of the employer match is from funds raised to the MTD account that funds your ministry (so you have to raise the match). Reliant allows you to choose whether funds contributed from your paycheck are “Pre-Tax” or Roth. The match contribution will always be Pre-tax.  There is a conversion process if you want your employer match converted to Roth funds. You can find more information at 401(k) Retirement Plan. 

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