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.

If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.

Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)

Share this page:

What’s this?

Facebook

Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

Click on the HTML link code below.
Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.