Thursday, January 30, 2025
HomeAccountingHow to calculate when NOT to take a housing allowance?

How to calculate when NOT to take a housing allowance?


by Kelly

(Orlando, FL)

I’ve heard a few experienced ministers and ordained ministry leaders say that there are times when it costs more in taxes to claim a housing allowance than to not use that benefit.

How can we compute the tax benefit vs. tax expense to determine whether to take a housing allowance? Cannot seem to get my head around this one…

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