Servant Solutions – Pastor Housing Allowance – Part #1 (w/ Mark Senseman, Bob Haymond & Jim O’Bold) – Episode 176

Servant Solutions – Pastor Housing Allowance – Part #1 (w/ Mark Senseman, Bob Haymond & Jim O’Bold) – Episode 176

Dale had the opportunity to spend some time with the leadership of Servant Solutions on today’s podcast. The purpose of connecting with them was to increase our understanding of the many issues facing pastors. The conversation was so good that we needed to separate it into two podcasts.

Therefore, today’s podcast (Part #1) deals mainly with understanding the pastor’s housing allowance and its varied nuances. Mark, Bob, and Jim do a great job of explaining how the pastor’s housing allowance is designed to work. This podcast is filled with great information for every leader in pastoral ministry.

 

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Links to Resources Mentioned or Related

Key Takeaways

1) There is so much misunderstanding about how the pastor’s housing allowance works. Even most IRS agents aren’t clear on how it was initially designed to help pastors.

2) It’s not too late to take advantage of the pastor’s housing allowance, even if you’re near retirement.

3) You are responsible for declaring your housing allowance even if your ministry fails to include it on your W-2.

4) The housing allowance is subject to the 15.3% self-employment tax even though it’s exempt from federal taxes.

 

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