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What Are the Minister’s Housing Allowance Tax Advantages?

by Taylor Johnson | Sep 2, 2020 | Retirement

All those who are properly licensed, commissioned, or ordained by an ecclesiastical body can take a Minister’s Housing Allowance, which gives the right to reduce their ministry-based income by an amount equal to the expenses associated with their housing...

Housing Allowance: Special Taxation Considerations for Pastors

by Taylor Johnson | Sep 1, 2020 | Retirement

What is the Minister’s Housing Allowance?The Minister’s Housing Allowance is one of the greatest tax benefits available to ordained, licensed, or commissioned ministers and comes from Section 107 of the Internal Revenue Code. The Minister’s Housing Allowance—sometimes...

How to Keep Your Housing Allowance When You Change Employers?

by Taylor Johnson | Aug 27, 2020 | Retirement

When an employee leaves an organization, it is common practice for their retirement account to be transferred out of the retirement plan. The account is usually rolled to another retirement plan or to an IRA. It’s important to know that when 403(b)(9) accounts are...
Housing Allowance: Are you throwing away free money?

Housing Allowance: Are you throwing away free money?

by Taylor Johnson | Aug 20, 2020 | Plan Administration, Plan Participation

What is Housing AllowanceWhen an ordained, licensed, or commissioned minister receives a portion of their compensation as housing allowance, that portion is excluded from gross income and therefore not subject to federal income tax. This can represent substantial tax...
Is Biblically Responsible Investing a New Concept?

Is Biblically Responsible Investing a New Concept?

by Taylor Johnson | Aug 17, 2020 | Retirement

This biblical investing movement is exploding within the Christian community. But why is Biblically Responsible Investing only now becoming popular?Although the concept of monitoring investments for biblical principals may seem new, this investment approach has...
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