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Posted on Jul 23, 2024

Vasa is an ordained minister. His church provides him a housing allowance, all of which Vasa spends to rent his home and pay his utilities.

Vasa is an ordained minister. His church provides him a housing allowance, all of which Vasa spends to rent his home and pay his utilities. Vasa can:

Exclude the housing allowance from net earnings for self-employment tax.

Exclude the portion of the allowance spent on utilities from net earnings for self-employment tax.

Exclude the housing allowance from net earnings for income tax.

Exclude the housing allowance from net earnings for all tax.

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