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.