2026 Housing Allowance Guide

2026 Housing Allowance Guide Now Available The Housing Allowance Exclusion permits clergy to set aside a portion of their compensation specifically for housing expenses, shielding that amount from federal income tax. By reducing taxable income, clergy can significantly lower their overall tax burden. Although this exclusion is one of the most valuable tax advantages available to ministers,…

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New Auto Loan Interest Deduction

The New Auto Loan Interest Deduction for 2025 Beginning with the 2025 tax year, millions of Americans will encounter one of the most notable tax changes in decades: the new federal Auto Loan Interest Deduction, created under the OBBBA. This new provision offers a potentially valuable deduction for qualifying taxpayers—yet it comes with strict rules,…

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