Jump to content

Minister's housing allowance and compensation


Guest Tara Curran
 Share

Recommended Posts

Guest Tara Curran

Under PLR 200135045, minister's housing allowance is not includible for the 415 annual addition limit testing. Does this mean that a minister can defer from his total compensation, including the housing allowance, as long as the total deferred, matched and contributed as an employer profit sharing contribution is less than 25% of his salary (excluding the housing allowance) in 2001? In other words, the contribution amounts are based on total compensation including the housing allowance, but the test is run without the housing allowance amount.

Link to comment
Share on other sites

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...