Housing Allowance Resources
Housing Allowance for Ministers and Retired Ministers
A housing allowance, also known as a parsonage allowance, is a tax benefit available to eligible ministers in the United States. It can allow ordained clergy to exclude a portion of their income used for housing expenses from federal income tax.
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Related Resources
Expanding the Table: How Pension Fund Serves the Entire Stone-Campbell (Restoration) Movement
This article explores Pension Fund's long-standing commitment to supporting ministry workers across the movement's diverse traditions. Rooted in a shared faith and purpose, Pension Fund provides retirement, financial wellness, and relief programs designed to help those who serve achieve a strong, smart, and secure future, while continuing the movement's historic commitment to unity and care for one another.
How to Maximize Your Housing Allowance Benefit
If you have served in ministry for any length of time, you probably know the basics of housing allowance. It is a unique tax benefit available to qualified ministers — a portion of your income that can be excluded from taxable income if it is used for housing. But here is something that does not get talked about nearly enough: the housing allowance is not just a tax break for right now. Used thoughtfully, it can be a powerful tool for long-term financial health, especially in retirement.
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