by Debbie
(Texas )
If a minister spends more in one month than is designated monthly, can it be considered part of the annual amount and still excluded from taxable income?
Example: monthly housing allowance is $1000, and he spends $2000 in Jan but zero in Feb. Can he still deduct the $2000 or must he actually divide an expenditure between calendar months to not exceed the monthly allowance?
Thanks!
Comments for Amounts excluded from income limited my Monthly amount or annual amount?
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