by William Thornton » Thu Oct 12, 2017 6:49 am
I can almost guarantee that all of my clergy colleagues have seen this, since it is our sacred clergy tax break and puts real money in our pockets every year.
is my article.
Baptist Press:
BNG, Bob Allen:
My insightful and HA expert CPA friend Peter Reilly's Forbes tax blog:
One pastor's defense
My view: It's not an establishment of religion but a pretty sweet tax break.
For laity who may care and are puzzled: Qualifying clergy (most any ordained person, rabbi, imam, etc.) may receive part of their income as "housing allowance" and completely exclude that amount from income for income tax purposes. The clergy must pay social security on the amount, though. The average SBC pastor with cash income of around $70,000 probably excludes $20,000 or so of this through the HA.
My stray thoughts on SBC stuff may be found at my blog,