"designating all salary as housing allowance" debate rages on
by David Lunneberg
(Orange, CT, New Haven)
Our small church is lucky enough to own a parsonage. How much would that affect designating funds as housing allowance?
The fair market value is quite high.
Example: Salary $37,500
Fair Market Value $24,000
Would the fact the parsonage is worth so much mean that we shouldn't designate any of the salary amount as housing allowance?
Or is the use of a parsonage a reason to immediately not offer housing allowance?