It’s Time To Submit Your 2019 Housing Allowance!
The ministerial housing allowance is one of the greatest tax benefits available to pastors and now is the time to get yours approved for 2019.
Category Housing
How A Parsonage Allowance Works
There are two kinds of ministerial housing allowances here in the US. The parsonage allowance is for those living in church-owned housing. The cash housing (or rental) allowance is for those who provide their own housing. Today, I want…
What’s Going On With The Housing Market And How It Affects You
A brief overview of real estate market cycles, where we are now, and what we should expect in the near future.
Are Reverse Mortgages Really Evil?
A look at what a reverse mortgage is, how do they work, and when they would be used. Then, do they really deserve the terrible reputation that they have?
Reader Question: What Should A Mobile Pastor Do With Extra Income?
Dear Pastor’s Wallet, My only debt is my mortgage, a 30/5 ARM with 23 years remaining. I am saving 15% of my pre-tax income toward retirement, have an emergency fund and am saving towards large expenses like my kids’…
How To Take A Pastor Housing Allowance In Retirement
If you’re a pastor, you know that your ministerial housing allowance is perhaps the biggest financial benefit of being in the ministry. It allows you to avoid paying taxes on all of your housing expenses, including things like cable television and…
Is The Clergy Housing Allowance Really Unconstitutional? What One Federal Judge’s Ruling Could Mean For You
A federal judge has ruled that the cash housing allowance for clergy is unconstitutional. What happens next and what does this mean for you?
Act Now For Your 2018 Clergy Housing Allowance
As a pastor, one of your greatest earthly rewards is the clergy housing allowance. Though it’s nothing compared to the rewards you’re piling up in heaven, it is definitely something that should not be overlooked. Here are some things…
How To Compete As A First Time Homebuyer
What can you do to get your offer noticed if you don’t have a huge pile of cash?
Should I Put Extra Into Retirement Or Pay Off My Mortgage Early?
I recently received a message from a reader wondering what she should do with her extra income. Should she put the extra into retirement or towards paying off her house early? She was having a disagreement with a family member…
Just What Is Crammed Into Your Mortgage Payment?
Estimated mortgage payments listed on popular websites can be very misleading. Mortgage payments consist of a lot more than just principal and interest.