Ministers Housing Allowance Worksheet

Now Is The Time To Review Your 2019 Housing Allowance.

Ministers who own their homes should take the following expenses into account in This form is for helping ministers determine the appropriate amount to claim as housing allowance. Actual taxes will be calculated on actual income minus actual substantiated, documented, housing allowance deductions. Download the free resource now.

Owned By Or Rented By The Church.

Amount actually spent for housing this year: Housing allowance designated by the church (or other employer) $_____________ (2a) Get the most out of your minister’s housing allowance. What constitutes retirement for purposes of these rules regarding seca tax and the housing allowance depends on an individual’s particular facts and circumstances.

The Housing Allowance Must Be Officially Designated In Advance Of Payment By The Employing Church Or Other Qualified Organization.

Ministers should keep accurate records and receipts of their eligible housing expenses as proof of their expenses. The following description is intended to provide guidelines under which a minister may declare housing on retirement account disbursements: The housing allowance may only be paid on a single residence and if a couple is in ministry each may 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.

Clergy Housing Allowance Worksheet Method 2:

This worksheet is provided for educational purposes only. We have formulated the attached worksheet to aid your ministerial staff in the process of estimating an appropriate housing allowance for the year. Designation of housing allowance advance designation requirement: Those provisions provide that “a minister of the gospel” may exclude a “housing allowance” from his or her gross income.