Clergy Housing Allowance

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  • ClermontTax
    Junior Member
    • Mar 2011
    • 1
    #1

    Clergy Housing Allowance

    Depending on what I read on clergy housing allowance, it's not clear whether you can include principal and interest payments as costs or not. Can anyone help clarify this and give me some direction on where the IRS clarifies this?

    Thanks!
    Tags: None
    • Burke
      Senior Member
      • Jan 2008
      • 7068
      #2
      See Pub 517. Home Ownership, ... "the amount actually used to provide a home." This means mortgage and all related expenses, which includes interest and principal, taxes, utilities, insurance, repairs, etc. etc. etc.

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        • RitaB
          Senior Member
          • Jul 2008
          • 1382
          #3
          The great double-dip

          And the mortgage interest and property tax still get deducted on Sch A, too.
          If you loan someone $20 and never see them again, it was probably worth it.

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