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Parsonage/Housing Allowance Estimated Expenses for the year Pastor/Missionary Actual Costs Computation Rent or Mortgage Payment Real Estate Taxes (if not included in the Mortgage Payment) Insurance
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What is parsonagehousing allowance?
A parsonage housing allowance is a tax benefit provided to clergy members by their employer, allowing them to exclude a portion of their salary designated for housing expenses from taxable income.
Who is required to file parsonagehousing allowance?
Clergy members who receive a parsonage housing allowance from their employer are required to file for this tax benefit.
How to fill out parsonagehousing allowance?
To fill out a parsonage housing allowance, clergy members need to report the designated housing expenses provided by their employer on their tax return.
What is the purpose of parsonagehousing allowance?
The purpose of the parsonage housing allowance is to provide clergy members with a tax benefit to help cover the cost of housing expenses related to their religious duties.
What information must be reported on parsonagehousing allowance?
Clergy members must report the designated housing allowance amount provided by their employer and any eligible housing expenses incurred for their religious duties.
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