I report it and pay taxes on it.
How much % does it come out to be?
Now here's the bigger question,Do you must report it for SNAP and Medicaid?
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.
What's parsonage?I read something about women schoolteachers counting their school income as parsonage, but I don't really understand.
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.
http://dictionary.reference.com/browse/parsonage
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?