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Daycare and Taxes>Help Please Tom? Clergy Question!
momofsix 04:42 PM 01-15-2011
My husband has been employed by our church as a pastor for 10 years. This year he completed his goal of becooming ordained, which means that part of his income is considered housing allowance (30% i think). Can we do this and do the daycare write offs too? I haven't looked at how it's done yet, but want to make sure we are allowed to do both, and be sure we're not "asking" for an audit!
Thank you so much for ALL your help!
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TomCopeland 09:40 AM 01-16-2011
There are special rules for clergy claiming the housing allowance and deducting housing expenses. See IRS Publication 517. Your situation is complex enough that you should seek advice from a tax professional.
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momofsix 04:13 PM 01-16-2011
Thank you! No more turbo tax?
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TomCopeland 08:56 AM 01-17-2011
See my blog post on Turbo Tax: http://www.tomcopelandblog.com/2011/...-software.html
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Tags:deductions, tom copeland
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