How much of our remodel expense can be disignate as housing allownace

by Mary
(WV)

My minister husbands annual salary is $30,764. In 2016 we did home improvement/remodel to our kitchen and deck that total $40,000. We took out a home equity loan for that amount.

I work and my annual income is $36,000.00

How much of the remodel can be claimed as housing allowance for 2016. This is a usual year because of the remodel.

Comments for How much of our remodel expense can be disignate as housing allownace

Click here to add your own comments

Feb 02, 2017
How much of our remodel expense can be designated as housing allowance?
by: Lewis in NC

If by Dec. 31, 2015 your church board had approved the remodeling expense as an extra amount for housing allowance for 2016, then all of it could have been part of the housing allowance, but since they didn't, none can be counted at this point. Sorry.

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 Designating Housing Allowance.



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