housing

by kevin
(Huntsville, AL, US)

My salary is 15,000 a year. I know my housing allowance is going to be more than that. My mortgage alone is about 18,000. I guess my question is can I just designate the entire 15,000 for mortgage?

Comments for housing

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housing allowance
by: Anonymous

Previous comment that its to late to create a housing allowance...please explain..wouldnt that be past rental payments,gas logs,past travel logs etc..
housing?
by: Lewis in NC

Hope you are talking about the upcoming 2015 tax year instead of 2014. It is too late to talk about creating a housing allowance for 2014.
100 Percent Housing Allowace
by: Vickey

Your church can designate and approve your entire salary as a housing allowance. However, remember that a housing allowance cannot be retroactive, so the 100% designation can only be from the day it is board approved.

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