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Do i include the amount that the church pays on rent as goss income or salary?

by Terry
(Oklahoma)

Ok, the Church has agreed to pay me $44,000 salary per year. But they are going to actually write the checks for the rent which will total $8,400.00.

So on my contract do I show the $44,000.00 as my gross salary and minister package or do I show $44,000.00 minus the $8,400 which is $35,600 as my gross salary? They will also be giving me a W-2 and withholding my taxes.

Thank you!
Terry

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Comments for
Do i include the amount that the church pays on rent as goss income or salary?

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Nov 11, 2010
Rating
starstarstarstarstar 		Housing Allowance Benefits
by: Vickey

That all depends on your church. Did they approve a housing allowance for you? If so, is it written with the amount designated?

A written board-approved housing allowance would be the best for you tax-wise; however, remember a housing allowance can never be retroactive.

The ebook “Housing Allowance: It’s Been in Existence for Over 50 Years, So Why Do We Know So Little About It?” is free with the purchase of the Church Contribution Package or the Church Accounting Package.
Jan 27, 2012
Rating
starstarstarstarstar 		Minister's Housing Allowance
by: Anonymous

What percent of a minister's salary can actually be housing allowance?
Jan 31, 2012
Rating
starstarstarstarstar 		Figuring a Housing Allowance
by: VIckey

Although a housing allowance is usually designated as a portion of a minister’s compensation, it is not usually figured as a percentage.

Most of the time a church will have their qualifying minister fill out a worksheet to determine his eligible housing expenses and designate an amount for that.

However...a church can designate any amount (within reason) it chooses as a housing allowance, but the minister is only able to exclude the lesser amount of:

• The amount actually spent on eligible housing expenses.
• The fair market rental value plus furnishings and utilities.
• The amount officially designated in advance as housing allowance

from his income tax. The excess amount will have to report as taxable income.

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