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What are qualified housing expenses for clergy? Is there a list of acceptable items somewhere?
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May 31, 2019
11:44 PM
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Deductions & credits
In addition to the resource provided by Opus 17:
A minister who receives a housing allowance may exclude the allowance from gross income to the extent it's used to pay expenses in providing a home. Excludible housing expenses include rent, mortgage interest, utilities, repairs, and other expenses directly relating to providing a home. The amount excluded can't be more than the reasonable compensation for the minister's services.
IRS Tax Topic: Topic 417 - Earnings for Clergy
May 31, 2019
11:44 PM
17,191 Views
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Deductions & credits
This is a good resource. http://www.ecfa.org/PDF/2016-Preparing-Tax-Returns-For-Clergy.pdf
May 31, 2019
11:44 PM
17,191 Views