Clergy Housing Allowance Worksheet

This Form Is For Helping Ministers Determine The Appropriate Amount To Claim As Housing Allowance.

Ministers who own their homes should take the following expenses into account in computing their housing allowance exclusion. Find out the rules and limits for. This worksheet is provided for educational purposes only. 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.

The Housing Allowance May Only.

This worksheet is provided for educational purposes only. The amount excludable from income for federal income tax purposes is the lower of a or b (or reasonable compensation). Download free worksheets to calculate and review your housing allowance for 2019. 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.

You Should Discuss Your Specific Situation With Your Professional Advisors, Including The Individual Who Assists With.

Ordained clergy are not required to pay federal or state (except in pennsylvania). Learn the irs limitations, tips and tricks to maximize your tax savings. Review your current year housing expenses and then complete this worksheet from ecfa. Actual expenses, designated allowance, or fair rental value.

(A) The Amount Actually Used To Provide A Home, (B) The Amount Officially Designated As A Housing.

2, scan all your supporting documents. A worksheet to help clergypersons of the united methodist church determine the amount of housing allowance they may exclude from gross income for tax purposes. Download a pdf file with a worksheet to calculate your excludable housing allowance for tax year 2023. 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.