DESIGNATED HOUSING EXCLUSION Sample Clauses

DESIGNATED HOUSING EXCLUSION. The Designated Housing Exclusion (previously known as the Housing Allowance) is the amount the pastor designates from their cash salary to be used to provide the items (e.g., utilities, furnishings, household items, etc.) which make the home livable. Think of this amount as providing the “stuff” which goes into the “building” to make it a home. The congregation must approve this designation in writing before the first designated housing exclusion payment is made. This amount should be reviewed each year, and can be changed prospectively throughout the year, upon the pastor's request with the congregation's written approval. A designated housing exclusion should be requested by every pastor, regardless of whether they are living in a parsonage or in their own home. It can be up to 100% of the pastor's cash salary-- after pastor's contributions to their pension and the pastor's costs for insurance are paid. There is no liability to the congregation if the pastor does not spend this money on housing. It is the responsibility of the pastor to prove their housing expenses on their personal income tax return. The designated housing exclusion amount, provided it was spent on housing, is exempt from federal income tax but is subject to self-employment tax. The officially designated amount should be entered on the pastor's W-2 in Box 14.
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Related to DESIGNATED HOUSING EXCLUSION

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