Down payment for house purchase.

by Russ
(Hawaii)

What does the housing allowance for "down payment for house purchase" work? Can a minister who is currently renting designate what they are putting into a savings account for a future house purchase as part of their housing allowance? If so, How much?

Comments for Down payment for house purchase.

Click here to add your own comments

Dec 20, 2013
 Down payment for house purchase.
by: Ken

No, the actual housing expenses can only be claimed against the Housing Allowance and if the expenses do not add up to the Housing Allowance, the balance must added to income.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Housing Allowance.



Need a Consultation, help setting up an effective Accounting System, or someone to do your monthly bookkeeping and/or payroll?

Contact Me!




Recommended Resource!

Online classes/courses on how to use QuickBooks Desktop and QB Online for a church! 

Click here for more details!

Use coupon code "FCA" for 10% discount!