26 U.S.C. § 107 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 107. Rental value of parsonages

In the case of a minister of the gospel, gross income does not include--

(1)  the rental value of a home furnished to him as part of his compensation;  or

(2)  the rental allowance paid to him as part of his compensation, to the extent used by him to rent or provide a home and to the extent such allowance does not exceed the fair rental value of the home, including furnishings and appurtenances such as a garage, plus the cost of utilities.

FindLaw Codes are provided courtesy of Thomson Reuters Westlaw, the industry-leading online legal research system. For more detailed codes research information, including annotations and citations, please visit Westlaw.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard