| Fun fact: July 2 marks the midway point of the year. For many churches, this time of year presents an excellent opportunity to handle some legal and tax housekeeping, especially with a housing allowance. Did your pastor underestimate housing expenses and fail to request a large enough allowance? Did he or she overestimate it? These are reasons to amend the allowance to make sure the benefit hits the mark for the remainder of the year. Take a look at the useful nugget on amending an allowance in attorney and CPA Richard Hammar’s article on designating housing allowances. Also, check out our Housing Allowance Basics collection page, CPA Elaine Sommerville’s book Church Compensation, Second Edition: From Strategic Plan to Compliance, and the Church & Clergy Tax Guide to delve deeper into the ins and outs of the housing allowance. Plus, if you become an Advantage Member, you will receive 20 percent off your Church Compensation book and future purchases. You will also receive the book and digital copy of the 2022 Church & Clergy Tax Guide—when it is released—as part of your membership. Learn more here. | 