WebFeb 11, 2024 · The W2 for the clergy did not show housing in box 14. I have looked and looked in the discussion but the only instructions I find are for Online. I have the Payroll item set up as housing allowance and tax tracking as none. ... Set up a Clergy Housing Allowance. Additionally, in case you used an incorrect tracking type on a paycheck, ... WebIf you have a clergy housing allowance: Generally, the housing allowance is reported in box 14 of the W-2 and is not included in boxes 1, 3 or 5. The fair rental value of a parsonage or the housing allowance can be excluded from income only for income tax purposes. No exclusion applies for self-employment tax purposes.
Clergy - Exempt Wages and Housing Allowance - TaxAct
Web2024 W-2 Box 14 Box 14 –The “Other” box should include information on clergy housing. Regardless of if clergy own or rent their home or live in a church parsonage, you need to disclose the approved amount shown in Box 4 on their Form I for 2024 as a ‘Parsonage Allowance’. If clergy own or rent their home, this amount may be excluded WebHousing allowance is considered taxable income in the state of Pennsylvania, but it is not considered taxable for local wage taxes. This is why it is necessary to report the housing allowance on the W-2. On the annual W-2 form, you should use Box 14 to report the housing allowance. Make sure to label as “Housing Allowance” in the box. gaec breton change
Clergy - Exempt Wages and Housing Allowance - TaxAct
WebJul 14, 2024 · Scroll down to the Box 14 section. Enter the applicable amount in the Ministers housing allowance (SE only) field. From the top of the screen, select Less … WebHousing Allowance is not reported in Box 1, but in Box 14 (“Other”) of the W2 form. ... the congregation provide the minister with a 7.65% allowance in lieu of paying Social Security. The allowance is ... Salary, housing (allowance or parsonage) and this SS allowance are used in determining SECA tax. I.c. HOUSING ALLOWANCE WebGenerally, the housing allowance is reported in box 14 of the W-2 and is not included in boxes 1, 3 or 5. The fair rental value of a parsonage or the housing allowance can be … gaec briand greffier