How the Obama tax bill will affect church employees
On December 17, 2010, President Obama signed into law H.R. 4853, the Tax Relief Unemployment Insurance Reauthorization and Job Creation Act Of 2010, which will affect every U.S. employer and several areas of payroll, tax and benefits administration in January. Back in 2008, after the passage of the 2008 stimulus package, many taxpayers received $300…
Church Tax and Payroll Support
At Clergy Financial Resources, we think our tax and payroll support is just as important as our other services. We offer support plans in many forms and it starts with our very first conversation with you. We give you all the information you need, quickly and conveniently. Church Support has become the most valuable tax…
Legal
Legal Statement Clergy Financial Resources has created this legal statement in order to demonstrate our firm commitment to the Internet. Intellectual Property All content on Sites, including but not limited, text, graphics, logos, button icons, images, audio clips, digital downloads, data compilations, software, and the compilation of any of the foregoing, is our property the…
Twitter & Facebook
“Like” us on Facebook or “follow” us on Twitter to get the latest clergy tax news and special discounts on clergy and church tax products. Facebook: http://www.facebook.com/clergyfinancial Twitter: Tweets by clergyfinancial
2026 Housing Allowance Guide – PDF Download
The “Housing Allowance Exclusion” allows Clergy to exclude a portion of their income from Federal income tax in order to pay for housing. This results in less taxable income and less income tax. The “Housing Allowance Exclusion” is one of the biggest and best tax benefits currently available to Clergy, but it is also one of the most frequently misapplied.
This housing allowance guide provides following information:
- Housing Allowance Eligibility
- Different Types of Allowances
- What Expenses Qualify
- What expenses do not qualify?
- Substantiating expenses
- Designating a Housing Allowance
- How do I designate part of my salary as a Housing Allowance?
- How do I amend my Housing Allowance?
- Are there restrictions on how often or when I can change my
- Housing Allowance?
- Housing Allowance Limitations
- What is the Fair Rental Value of a Property?
- How do I calculate the Fair Rental Value of my Home?
- Housing / Manse / Parsonage Worksheet
- Housing / Manse / Parsonage Annual Form
2025 Housing Guide – PDF Download
The “Housing Allowance Exclusion” allows Clergy to exclude a portion of their income from Federal income tax in order to pay for housing. This results in less taxable income and less income tax. The “Housing Allowance Exclusion” is one of the biggest and best tax benefits currently available to Clergy, but it is also one of the most frequently misapplied.
This housing allowance guide provides following information:
- Housing Allowance Eligibility
- Different Types of Allowances
- What Expenses Qualify
- What expenses do not qualify?
- Substantiating expenses
- Designating a Housing Allowance
- How do I designate part of my salary as a Housing Allowance?
- How do I amend my Housing Allowance?
- Are there restrictions on how often or when I can change my
- Housing Allowance?
- Housing Allowance Limitations
- What is the Fair Rental Value of a Property?
- How do I calculate the Fair Rental Value of my Home?
- Housing / Manse / Parsonage Worksheet
- Housing / Manse / Parsonage Annual Form
Retainer
Example: If your retainer amount is $500.00, enter 500 in the quantity box.
Retainer Agreement
A retainer fee is an advance payment that’s made by a client that is considered a down payment on the future services rendered by Clergy Financial Resources.
This Agreement acknowledges that Clergy Financial Resources will represent the client based on the fee arrangement. A retainer fee may be paid on a fixed, pre-negotiated rate or on a variable hourly rate depending on the nature of retainer.
Retainer fees do not guarantee an outcome of the final service.
2024 Housing Guide – PDF Download
The “Housing Allowance Exclusion” allows Clergy to exclude a portion of their income from Federal income tax in order to pay for housing. This results in less taxable income and less income tax. The “Housing Allowance Exclusion” is one of the biggest and best tax benefits currently available to Clergy, but it is also one of the most frequently misapplied.
This housing allowance guide provides following information:
- Housing Allowance Eligibility
- Different Types of Allowances
- What Expenses Qualify
- What expenses do not qualify?
- Substantiating expenses
- Designating a Housing Allowance
- How do I designate part of my salary as a Housing Allowance?
- How do I amend my Housing Allowance?
- Are there restrictions on how often or when I can change my
- Housing Allowance?
- Housing Allowance Limitations
- What is the Fair Rental Value of a Property?
- How do I calculate the Fair Rental Value of my Home?
- Housing / Manse / Parsonage Worksheet
- Housing / Manse / Parsonage Annual Form
Online Organizer Instructions
NEW 2017 ONLINE ORGANIZER IS NOW AVAILABLE! Thank you for selecting the Clergy Tax Organizer ® to assist you with preparation of your tax returns. The organzier will help clergy accumulate and summarize their tax information to prepare a more accurate return. Each year we publish an organizer for clergy, which is designed to be…
Clergy Housing Allowance
Clergy Housing Allowance Ministers who own their home can not only take advantage of the housing allowance by including mortgage payments as housing expenses but also can deduct mortgage interest and property taxes on their itemized deductions. This is often referred to as a “double deduction. Once ministers pay off their mortgages, however, they can…