THE PARSONAGE ALLOWANCE/HOUSING ALLOWANCE: ARE YOU DEDUCTING EVERYTHING YOU CAN?
We’re coming up to tax season again. I hope you are aware of the tremendous opportunity to deduct housing and parsonage expenses in itemized deductions. According to the Worth Tax Service, which specializes in tax information for pastors, items such as telephone bill, cable, light bulbs, cleaning supplies, furniture, appliances, Christmas decorations, gas for mower, pictures on the wall, decorative items, etc. can be counted as part of housing allowance and deducted from your income tax. Take a look at the web site: www.worthfinancial.com for additional information.
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