Will a housing allowance effectively increase my income?

I am wondering if receiving a housing allowance will effectively increase my income due to that portion of that income not being taxed federally. Wouldn't that essentially increase my monthly checks since a portion of it isn't taxed?

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 training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!

Contact Me!