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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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