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View Diary: Fed Court: Ministers now have to pay income tax on their "free housing" (323 comments)

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  •  i imagine it won't affect (0+ / 0-)

    church provided housing, such as a rectory or abbey,
    but, it could be a taxable item, in which case,
    there has to be some value placed on it.

    probably the fair market value, but, it could be offset
    against quality.  a small apartment attached to a
    church is probably far less valuable then a 3 bedroom
    home in town and far less valuable then the Oral Roberts

    •  people who live in church provided housing (1+ / 0-)
      Recommended by:

      do not get the housing allowance tax exemption (as the law stands now)

      if your church does NOT provide a place for you to live, but gives you a housing allowance instead, the amount of the housing allowance is exempt from taxes.

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      by TrueBlueMajority on Sat Nov 23, 2013 at 10:01:41 AM PST

      [ Parent ]

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