Year-end Checklist (2021)
As 2021 comes to a close, review these important items to ensure none of them fall through the crack.
Housing Allowances
The clergy housing allowance provides a way for licensed, commissioned, or ordained ministers to exclude a portion of their income from federal tax requirements (but not self-employment taxes). Each year, clergy should be given the opportunity to update their housing allowance amounts for the following calendar year. Requests must be approved by the governing body…