Clergy Housing Allowance Doesn’t Kill Schedule A (EA exam)

Clergy housing allowance (IRC §107) is an income exclusion and does not reduce or disallow Schedule A home mortgage interest and real estate tax deductions. Itemizing doesn’t make the allowance taxable, and there’s no required “offset” against otherwise deductible expenses (normal limits still apply).

EA Exam practice question — Part 1: Individuals.

---
Enrolled Angel — EA Exam Prep
3,000+ practice questions at https://enrld.com

Try Pro FREE with code FREETRIAL:
https://enrld.com/pricing

#enrolledagent #eaexam #taxprep #irs #cpe #accounting #taxseason

Видео Clergy Housing Allowance Doesn’t Kill Schedule A (EA exam) канала Enrolled Angel