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Housing Allowance Worksheet PDF Form

Housing Allowance Worksheet PDF Form

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Instructions and help about Housing Allowance Worksheet Pdf

[Music] hey what's up everybody today we're talking about your minister's housing allowance or your mha and i'm going to give you a quick tip here and i'm going to tell you stop wasting your time or don't waste your time so what do i mean by that alright minister's housing allowance is a tremendous benefit if your organization your church or your missionary organization you qualify for mha they designate a portion of your pay as minister's housing allowance you can get that piece of your pay tax free now quick sidebar here tax-free gets us into trouble sometimes because that is income tax-free but as a pastor or missionary who is getting your mha you're likely subject to self-employment tax for social security medicare purposes and minister's housing allowance is not tax-free when it comes to the self-employment tax you do owe self-employment tax but you don't owe income taxes on your minister's housing allowance so what is this you know people say this is tax free income i want my mrs

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