Methods for Determining Your Housing Allowance
In last month’s e-newsletter, I discussed the Clergy Housing Allowance Tax Benefit for both working pastors and retired pastors. This article will examine the methods available in determining the annual housing allowance amount. Your excludable housing allowance amount will be the SMALLER of Method 1, 2 or 3: Method 1: The amount actually spent for housing this year Examples of housing expenses ... [...]