by Bill
(New York)
I serve churches in two states (NC and NY) and have housing expenses in each, about 6 months in both states. How should the housing allowance be set up to accommodate this? My permanent residence is in NC, but we have to rent a small apt in NY while there.
1Comments
Two houses and two churches
BBill OConnell
The details and the numbers could influence this answer, but knowing only what is in your question...
A pastor is allowed to figure housing allowance based upon one permanent house.
I recommend that the arrangement with the NY church be restructured so that the costs of the apartment is a reimbursable expense. This keeps that cash flow out of your taxable compensation all together.
Call Wisdom Over Wealth with questions at 877-823-3101.
A pastor is allowed to figure housing allowance based upon one permanent house.
I recommend that the arrangement with the NY church be restructured so that the costs of the apartment is a reimbursable expense. This keeps that cash flow out of your taxable compensation all together.
Call Wisdom Over Wealth with questions at 877-823-3101.