CLERGY HOUSING ALLOWANCE - MORTGAGE PAYMENTS
A while back I refinanced my 1st Mortgage which included some Cash Out to pay off other debt. This was about 11% of the Mortgage Principle Balance. I am still allowed to include the entire amount of Mortgage Payments in my Clergy Housing Allowance? Or am I only allowed to include the amount less 11% of the Mortgage Payments? For example, if my total amount of Mortgage Payments were $20,000.00 for 2022, would I only be able to include $17,800.00 in my Housing Allowance?
I appreciate your helpful advice!
