House Rent Allowance (HRA): Exemption, Calculation Formula and Tax Rules FY 2025-26
House Rent Allowance (HRA): Exemption, Calculation Formula and Tax Rules FY 2025-26
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Totally agree with Kamla! Why is it a very small country have housing allowance for gov't ministers? This should be banned in St Kitts Nevis too. | Everton Obi Powell
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bro the IRS literally has a special tax code (Section 107) that lets pastors exclude their housing allowance from federal income tax. a pastor can designate up to 100% of their compensation as "housing allowance" and pay zero income tax on it. so when a pastor says "i dont take a salary" what that can actually mean is they reclassified their entire compensation as housing allowance which is tax exempt.. so they technically dont have a "salary" on paper but theyre still getting paid AND paying le
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