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Parsonage Allowance |
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Parsonage Allowance The housing allowance for a priest, minister or other clergy member (or the equivalent). The parsonage allowance is tax deductible for purposes of calculating the income tax owed, but not for calculating the self-employment tax. See also: Form 4361. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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