Tag: withholding

  • Avoid this Pastoral Housing Allowance Penalty

    Avoid this Pastoral Housing Allowance Penalty

    The pastoral housing allowance can be a great tax deduction for pastors. But if you don’t prepare for the surprise swap up on your taxes, you may end up paying a housing allowance penalty. I have seen church planters fall prey to this and wind up with a huge tax bill come April. To be […]