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2018 CLERGY HOUSING EXCLUSION RESOLUTIONWHEREAS, it is the policy of the Greater New Jersey Conference of The United Methodist Church that Administrative Boards/Councils and Church Conferences annually
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How to fill out 2018 clergy housing exclusion

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How to fill out 2018 clergy housing exclusion

01
Step 1: Gather all necessary documents and information, including your income and expenses for the year.
02
Step 2: Determine the amount of housing expenses that qualify for exclusion. This may include rent, mortgage payments, utilities, and other related expenses.
03
Step 3: Calculate your total income and determine the percentage that should be excluded based on the housing expenses.
04
Step 4: Fill out Form 1040, Schedule SE, Part I to calculate the self-employment tax, if applicable.
05
Step 5: Report the excluded amount on Form 1040, Schedule 1, Line 1.
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Step 6: Attach Form 1040, Schedule 1 to your tax return and file it by the deadline.
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Step 7: Keep copies of all documents and forms for your records in case of any future audit or inquiry.

Who needs 2018 clergy housing exclusion?

01
Individuals who are ordained, commissioned, or licensed by a religious denomination and are employed in a ministerial capacity may qualify for the clergy housing exclusion.
02
This exclusion is available to ministers, members of the clergy, chaplains, and religious workers who receive a housing allowance or live in a parsonage provided by their church or religious organization.
03
It helps them exclude a portion of their income that is designated specifically for housing expenses, reducing their overall tax liability.

What is 2018 CLERGY HOUSING EXCLUSION RESOLUTION Form?

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2018 CLERGY HOUSING EXCLUSION RESOLUTION template instructions

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Clergy housing exclusion resolution is a tax provision that allows ordained ministers to exclude a portion of their housing costs from their taxable income.
Ordained ministers who receive a housing allowance as part of their compensation are required to file clergy housing exclusion resolution.
To fill out clergy housing exclusion resolution, ministers must provide information about their income, housing allowance, and housing expenses.
The purpose of clergy housing exclusion resolution is to provide tax benefits to ordained ministers by allowing them to exclude a portion of their housing costs from their taxable income.
Ministers must report their income, housing allowance, and housing expenses on the clergy housing exclusion resolution.
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