Clergy Housing Allowance Worksheet

Download A Pdf File With A Worksheet To Calculate Your Excludable Housing Allowance For Tax Year 2023.

Whereas, ministers who own or rent their home do not pay federal income taxes on the amount of their compensation that their employing church designates in advance as a. Clergy housing allowance worksheet tax return for year 200____ note: Ordained clergy are not required to pay federal or state (except in pennsylvania). The figures on this worksheet are to be used to help figure the actual housing allowance and utilities & furnishings allowance for compensation allocation in 2025.

The Church Should Provide To Its Eligible Pastors And Ministers A Housing Allowance Worksheet So That The Individual May Request A Certain Amount For Housing.

For more information on this subject, we invite you to download our housing allowance worksheet package for clergy and churches. Mortgage principal and interest payments or rent on primary residence. This form is for helping ministers determine the appropriate amount to claim as housing allowance. Minister’s gross income as a housing allowance is limited to the least of the following:

Learn How To Exclude A Housing Allowance From Gross Income As A Minister, And How To Report Any Excess Allowance On Your Tax Return.

This worksheet is provided for educational purposes only. Down payment on purchase of primary residence. Find out the rules and limits for. You should discuss your specific.

2, Scan All Your Supporting Documents.

Review your current year housing expenses and then complete this worksheet from ecfa. The amount excludable from income for federal income tax purposes is the lower of a or b (or reasonable compensation). Ministers who own their homes should take the following expenses into account in computing their housing allowance exclusion. (a) the amount actually used to provide a home, (b) the amount officially designated as a housing.