ANNOUNCEMENTS
Terms of Call – Housing Allowance
Under IRS rules, ordained, licensed, or commissioned ministers who perform their duties in the exercise of ministry may qualify for a housing allowance.
This is among the most valuable tax breaks for ministers and NOT common in other employment sectors.
The amount to be set aside as housing allowance needs to be designated in writing and in advance of payments and noted in the Session minutes (usually at the end of the year for the next year).
The amount is the responsibility of the pastor who must substantiate the claim with the IRS at the time their taxes are filed. This is NOT the responsibility of the Session or Human Resources.
FINALLY, the housing allowance can be changed by the pastor during the year if things change and this change should also be noted in the Session minutes.
SUSAN CARPENTER
Director of Finance
954-785-2220, x.304
scarpenter@vibrantpresbyter.org
Presbytery of Tropical Florida
405 S.E. 15th Avenue
Fort Lauderdale, FL 33301
