Housing Allowance Resolution for 403b Accounts

When the Diocese established the use of 403b accounts for retirement saving for its clergy, one of the steps taken was to designate all future disbursals of those funds as a clergy “housing allowance”.  That means these funds, when drawn out in retirement, can still be exempt from income taxes, to the same degree and with the same limitations as the compensation for actively serving clergy.  A restatement of that policy, for reference by you or your preparer in your tax filing is available on the Diocesan website.  Print a copy for your records and feel free to call the Canon to the Ordinary, the Rev. Canon Jim Lewis, if you have questions.