by Taylor Johnson | Sep 2, 2020 | Retirement
All those who are properly licensed, commissioned, or ordained by an ecclesiastical body can take a Minister’s Housing Allowance, which gives the right to reduce their ministry-based income by an amount equal to the expenses associated with their housing...
by Taylor Johnson | Sep 1, 2020 | Retirement
What is the Minister’s Housing Allowance?The Minister’s Housing Allowance is one of the greatest tax benefits available to ordained, licensed, or commissioned ministers and comes from Section 107 of the Internal Revenue Code. The Minister’s Housing Allowance—sometimes...
by Taylor Johnson | Aug 27, 2020 | Retirement
When an employee leaves an organization, it is common practice for their retirement account to be transferred out of the retirement plan. The account is usually rolled to another retirement plan or to an IRA. It’s important to know that when 403(b)(9) accounts are...
by Taylor Johnson | Aug 20, 2020 | Plan Administration, Plan Participation
What is Housing AllowanceWhen an ordained, licensed, or commissioned minister receives a portion of their compensation as housing allowance, that portion is excluded from gross income and therefore not subject to federal income tax. This can represent substantial tax...
by Taylor Johnson | Aug 17, 2020 | Retirement
This biblical investing movement is exploding within the Christian community. But why is Biblically Responsible Investing only now becoming popular?Although the concept of monitoring investments for biblical principals may seem new, this investment approach has...
