Transcription of The Minister’s Housing Allowance - ECFA
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The minister s Housing AllowanceIntroductionA substantial tax benefit is provided to qualifying ministers based on section 107 of the internal revenue code (IRC). It consists of only one sentence which currently states that: In the case of a minister of the gospel, gross income does not include (1) the rental value of a home furnished to him as part of his compensation; or (2) the rental Allowance paid to him as a part of his compensation, to the extent used by him to rent or provide a home and to the extent such Allowance does not exceed the fair rental value of the home, including furnishings and appurtenances such as a garage, plus the cost of utilities.
The Minister’s Housing Allowance I ntroduction A substantial tax benefit is provided to qualifying ministers based on Section 107 of the Internal Revenue Code (IRC).
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Internal Revenue Code, Section, Internal Revenue Code, Issues Final Section 415 Rules for Defined, Issues Final Section 415 Rules for Defined Benefit, Section, 213 d Eligible Medical Expenses, Code Section 213(d) Eligible Medical Expenses, I) Plan Frequently Asked Questions, Code, Internal Revenue Code Section 48, Revenue, INTERNAL REVENUE CODE SECTION 79, Internal Revenue Code § 223, Understanding Code Sec. 302 F