Week 12: Minister’s Taxes
List of Six Most Important Things I Need To Remember About Ministers and Taxes:
1. Use TurboTax because it immediately ask if you earned income from being a minister
2. You do pay social security taxes on your house
3. Report unused housing allowance
4. You can “double dip” by living in a house and getting to deduct the interest after you’ve eliminated it “off the top” of your income
5. Keep receipts to show what you actually spent
6. Get a letter in advance designating your housing expense and don’t estimate low
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