Maximize Pastors Housing Allowance Tax Benefits: A Complete Guide
Understanding the tax implications of your pastor's housing allowance can be complex, but proper planning can significantly reduce your tax burden. This comprehensive guide provides actionable steps to maximize your benefits while ensuring full compliance with IRS regulations. Understanding the Pastor's Housing Allowance The IRS allows ministers to exclude a portion of their housing allowance from taxable income. This isn't "free money," but a significant tax break specifically designed for clergy....