pastors housing allowance worksheet
Ministers Compensation Housing Allowance
Feb 7, 2025 A ministers housing allowance (sometimes called a parsonage allowance or a rental allowance) is excludable from gross income for income tax purposes.
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Housing Allowance Exclusion Worksheet
I understand that the total allowance permitted cannot exceed the least of the following three provisions: 1. The fair market rental value of a furnished home;
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Guide to Negotiating Pastor Compensation
For example, a minister receiving a cash salary of. $30,000 might have $5,000 of the cash amount designated as a housing or parsonage allowance. Only $25,000.
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