Author Topic: Parsonage  (Read 21029 times)

Offline elit

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Parsonage
« on: January 09, 2016, 09:03:57 PM »
Do you report parsonage? And if no, does your accountant feel it's legal or its handled as a don't ask don't tell...

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Re: Parsonage
« Reply #1 on: January 09, 2016, 09:31:51 PM »
I report it and pay taxes on it.

Offline dovy2

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Re: Parsonage
« Reply #2 on: January 09, 2016, 10:18:49 PM »
I report it and pay taxes on it.
6%ish or 12%ish?

Offline elit

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Re: Parsonage
« Reply #3 on: January 09, 2016, 10:51:37 PM »
That's it? There's got to be a lot more parsonage takers on ddf...

Offline ryg

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Re: Parsonage
« Reply #4 on: January 09, 2016, 11:00:15 PM »

Offline dovy2

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Re: Parsonage
« Reply #5 on: January 09, 2016, 11:45:29 PM »
How much % does it come out to be?

Offline Sport

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Re: Parsonage
« Reply #6 on: January 10, 2016, 12:42:04 AM »

How much % does it come out to be?
You pay all of FICA. Approx 15%

Offline dovy2

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Re: Parsonage
« Reply #7 on: January 10, 2016, 08:52:37 AM »
Now here's the bigger question,
Do you must report it for SNAP and Medicaid?

Offline TimT

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Re: Parsonage
« Reply #8 on: January 10, 2016, 09:09:24 AM »
Now here's the bigger question,
Do you must report it for SNAP and Medicaid?
You'll probably find the answer somewhere here :)

Offline EJB

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Re: Parsonage
« Reply #9 on: January 10, 2016, 09:30:40 AM »
Do you report parsonage? And if no, does your accountant feel it's legal or its handled as a don't ask don't tell...

I can't imagine any accountant feels its legal to not report parsonage income.

Offline yuneeq

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Re: Parsonage
« Reply #10 on: January 10, 2016, 09:32:42 AM »
What's parsonage?
I read something about women schoolteachers counting their school income as parsonage, but I don't really understand.
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Offline elit

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Re: Parsonage
« Reply #11 on: January 10, 2016, 09:37:29 AM »
Now here's the bigger question,
Do you must report it for SNAP and Medicaid?
Sruly miller from achiezer  said he was told explicitly when getting training for the affordable health care act that you do not include parsonage for income when determining eligibility for insurance
I can't imagine any accountant feels its legal to not report parsonage income.
I know one trying to see if he's a complete yachid or not

Offline afro

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Re: Parsonage
« Reply #12 on: January 10, 2016, 09:43:36 AM »
What's parsonage?
I read something about women schoolteachers counting their school income as parsonage, but I don't really understand.

http://dictionary.reference.com/browse/parsonage
I will not respond to PM about the UPS method.

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Offline MeirS

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Re: Parsonage
« Reply #13 on: January 10, 2016, 09:45:57 AM »
Sruly miller from achiezer  said he was told explicitly when getting training for the affordable health care act that you do not include parsonage for income when determining eligibility for insuranceI know one trying to see if he's a complete yachid or not
I don't know if he would want his name put to that statement in print.

Offline elit

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Re: Parsonage
« Reply #14 on: January 10, 2016, 09:48:43 AM »
I don't know if he would want his name put to that statement in print.
Why not?

Offline dovy2

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Re: Parsonage
« Reply #15 on: January 10, 2016, 09:53:00 AM »
Sruly miller from achiezer  said he was told explicitly when getting training for the affordable health care act that you do not include parsonage for income when determining eligibility for insuranceI know one trying to see if he's a complete yachid or not
I saw something to that effect online, I spent hours searching regarding SNAP, didn't find anything

Offline yuneeq

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Re: Parsonage
« Reply #16 on: January 10, 2016, 09:57:30 AM »
http://dictionary.reference.com/browse/parsonage

I saw that before and still don't understand the discussion.

Quote
Do you report parsonage? And if no, does your accountant feel it's legal or its handled as a don't ask don't tell...

What's that gotta do with the link?
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Offline peacenlove613

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Re: Parsonage
« Reply #17 on: January 10, 2016, 09:58:21 AM »

You pay all of FICA. Approx 15%
So what do you gain by getting parsonage? Isn't that how much can you pay on a 1099?

Offline Sport

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Re: Parsonage
« Reply #18 on: January 10, 2016, 10:00:03 AM »
So what do you gain by getting parsonage? Isn't that how much can you pay on a 1099?
You only pay fica no other other income taxes.

Offline peacenlove613

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Re: Parsonage
« Reply #19 on: January 10, 2016, 10:05:10 AM »

Now here's the bigger question,
Do you must report it for SNAP and Medicaid?
For Medicaid you only have to report what you declare on your tax return.
For snap your supposed to declare any money you get whether you declare it on your return or not.