Yes, I know a few who did, and they ultimately regretted it because they were unable to save up much for retirement on their own.
Many ministers (who really need the benefit of the tax-free housing allowance) make pennies, and they usually have fairly large families, and they are very generous with the little bit of money they do have. I’m sure abuses occur— such as some TV minister getting a huge housing allowance and taking advantage of the tax-benefit that was meant to help underpaid clergy that are truly sacrificing.
I hope the ruling is reversed; or, if the IRS decides to revisit this law, perhaps it would be fair to put a cap/limit on total compensation and housing allowance eligibility.
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Im sure abuses occur such as some TV minister getting a huge housing allowance and taking advantage of the tax-benefit that was meant to help underpaid clergy that are truly sacrificing.
I actually saw the books of a ministry once.
The housing allowances were in the tens of thousands of dollars..
some close to 6 digits.
That was just the housing allowances.
Not surpised to see dads, moms, kids in that kind of ‘family business’.
For some, it might pay really well.