26 U.S.C. § 107 — Rental value of parsonages
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 83 words · no verdicts yet
Ministers of the gospel don't count certain housing benefits as taxable income. That includes the rental value of a home given as part of their pay. It also includes a housing allowance, up to the home's fair rental value plus utilities.
This section is a tax break for ministers. A minister's gross income — the income the IRS taxes — does not include two things. (1) It does not include the rental value of a home the minister is given as part of their pay. (2) It does not include a rental allowance paid as part of their pay, but only up to the amount the minister actually uses to rent or provide a home. That allowance also cannot count for more than the home's fair rental value, including furnishings and things like a garage, plus the cost of utilities.
In the case of a minister of the gospel, gross income does not include—
the rental value of a home furnished to him as part of his compensation; or
the rental allowance paid to him as part of his compensation, to the extent used by him to rent or provide a home and to the extent such allowance does not exceed the fair rental value of the home, including furnishings and appurtenances such as a garage, plus the cost of utilities.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 32; Pub. L. 107–181, § 2(a), May 20, 2002, 116 Stat. 583.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 2002Amended · Pub. L. 107-181 · 116 Stat. 583
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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