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drawing my social secutity

by robert
(ohio)

when i sign up for social security does my parsonage allowance count toward my income

Answer

Anything you pay self-employment tax on such as your housing allowance will count toward your Social Security benefits as far as I know.

If anyone knows differently please use the comment link below.

Vickey

Know the answer? Face the same situation? Please post your answer or comment by using the "comment" link below. Thank you!

Comments for drawing my social secutity

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Mar 24, 2010
 Parsonage Allowance
by: Rowena

I think that this allowance counts as income, but you are ok as long as the amount does not go over $14,ooo.oo a year.

Vickey's relpy
Whoops. I think I misread his question. Thank you, Rowena, for catching my error and answering his question.

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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 =)



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