Archive for the ‘housing allowance’ Category
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.
Related Websites -
Home 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....... -
The Entrepreneur Fund: One Year of Projected Expenses As debt freedom moves closer to reality in the Frugal household, my dreams have again turned to the idea of venturing out on my own. I've been fortunate to enjoy some growth around here these last couple years, and my combined earnings from all freelancing ventures are enough to support......



