Archive for the ‘housing allowance’ Category

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December 14th, 2009 By: Richard
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  • Post image for Tax Considerations For Ministers

    Since church ministers are in a unique tax situation it is important for all ministers to understand their unique tax situation.  When you work and earn an income you will need to pay taxes.  We should pay unto Caesar what belongs to Caesar, but if Caesar is offering you a tax break you should be sure you take every tax benefit.

    Housing Allowance:

    The biggest tax benefit for ministers is the housing allowance.  Every ministers should have a portion of his or her income designated as housing allowance.

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    • blog traffic exchangeRandom numbers I'm one of those people who has a mind for numbers. (After all, I was teethed on a calculator.) I can't remember where I put my keys, but I can rattle off the first eleven digits of pi -- 3.1415926535 -- (yeah ... yeah ... I'm an excellent driver ...)......
    • ppl-men-010Home Maintenance Tax Deduction Homeownership carries lots of responsibilities and occasional expenses, but at tax time owning is almost always better than renting. That’s because Uncle Sam allows homeowners a laundry list of tax deductions on everything from mortgage interest and capital gains to maintaining a home office or even a second property.......