[Q & A] Tax Breaks for Ministers With No Housing Allowance?

April 14, 2021 | by Belinda Whitfield, Certfied Public Accountant | OPEN Q&A, VIDEOS

Are there are any housing related tax breaks available to a minister that doesn’t receive a housing allowance?

Video Transcript:

TAX BREAKS FOR PASTORS WITH NO HOUSING ALLOWANCE

{Q} Currently, I do not receive any compensation from the ministry [apparently, this is a pastor] are there any housing allowance related items or expenses that we incur that can be written off on our taxes?

Well, if you are not receiving a housing allowance, that’s not a good thing for you. But in any event, you can still take the normal tax deductions that homeowners can take. You can claim a tax deduction for the mortgage interest that you are paying and as well as your property taxes on your home. You can claim those deductions on Schedule A of your tax return.

If you still have any questions, visit my website at churchcpa.com. Just go to my contact us page and submit your questions. Thank you so much and have a great day.

housing allowance | tax breaks

Written by Belinda Whitfield, Certfied Public Accountant

Belinda Whitfield is a certified public accountant that specializes in serving churches and non-profit organizations. Through her firm, Whitfield & Associates, she provides tax services, accounting and compliance oversight and strategic planning for churches and non-profits throughout the United States.