28+ Housing Allowance For Pastors
Images. Only expenses incurred after the allowance is officially designated can qualify for tax exemption. Your housing allowance should be approved in december.
The housing allowance for church ministers, which represents an estimated tax savings of $700 million yearly, is safe—for now. This post, should pastors tithe on housing allowance, contains affiliate links for your convenience. By allowing ministers to take the housing allowance exemption, congress wasn't establishing religion at all.
Why the housing allowance makes:
It was ending a kind of discrimination against religion. When designating a housing allowance your goal should be to guarantee you will be able to claim all of your out of pocket expenses as housing. Pastors receive and make countless phone calls at home. A year ago, a tax preparer put it on line 21 as negative income (less $xxxx).