AmyC
Expert Alumni

Retirement tax questions

Housing allowance that is greater than either  the fair rental value or actual expenses, does create income. It is important to be as accurate as possible when claiming your housing allowance to avoid having taxable income created. On the other hand, there are many components to the expenses and entering the information correctly is critical. @revcheek gave a good link for help on entering the expenses.

 

The IRS has Topic No. 417 for Clergy. For more information, click on the blue link.

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