Is there a Housing Allowance Cap amount?
The IRS site has a "Local Standards: Housing and Utilities" chart that shows how much you can take as Housing allowance in your state county.
If you have a family of five they let you take more housing allowance. But I have read in other places that the Pastor can take as much housing expense as needed.
I am confused. If the your county allows say $1,500/month but the Pastor's house payment is $2,000/mo. Do they only get $1,500?
Click here to post 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?
Use coupon code "FCA" for 10% discount!