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travel nursing taxes

3 Tax Write-Offs Commonly Missed in Travel Nursing

The tax code is difficult to keep up with. It doesn’t help that the tax system is constantly changing. For a travel nurse, there have always been tax write-offs called travel deductions. Knowing some of the common travel nursing tax write-offs can help you lessen the amount of taxes you need to pay during tax season. 

In order to claim travel expenses, you will need to establish a tax home or a fixed home. This is the home you pay mortgage or rent for. Additionally, this is where you pay upkeep and utility costs. Your fixed home is where you return between jobs as a travel nurse unless you are working in a location for more than 12 months. In order to prove the existence of your tax home, you must keep copies of your mortgage or rent documents, maintain your driver’s license in your home state, maintain your car registration in your home state, register to vote in your home state, and/or file your taxes in your home state.

Travel Nursing Housing Write-Offs

Typically, the company you work for as a travel nurse will pay an allowance so that you can secure temporary housing. However, sometimes, the lodging allowance you receive can be lower than the actual cost of lodging. If you have a valid tax home, the expenses you sustain for lodging are deductible.

Meal Write-Offs

Each day you are away for a business, you are able to deduct a meal per diem. This form of “per diem” is not the same as working on a per diem basis. Instead, it is the standard rates for lodging and meals that are published by the government. You are able to use the standard meal rate as your deduction.

Transportation Write-Offs

One of the biggest aspects of travel nursing is the traveling they do. Transportation is a big deal for a traveling nurse. Luckily, the expenses for airline tickets, train fare, bus fare, boat fare, and car-related expenses are all deductible. Staffing agencies may offer travel pay to counterbalance your travel expenses, but the amount of travel pay is usually capped and does not cover the entire amount of deductible expenses. 

Keeping Track of Receipts 

In order to prove that you qualify for travel nurse deductions, you need to prove that you actually paid for deductible services. This means keeping your receipts or, at least, keeping track of what you have paid for. The easiest way to do this is by keeping a spreadsheet that documents every expense you have paid while traveling. Many nurses use tax preparation software programs such as QuickBooks or Turbo Tax. 

Quality Travel Nursing Opportunities 

Currently, travel nurses are in high demand. If you are seeking work as a travel nurse, New Directions Staffing offers unmatchable benefits and compensation, choice assignments across the nation, and travel dialysis nurse jobs. When you are on the road with New Directions Staffing, you are not alone. We offer support and resources to make sure you never feel like you are alone or without guidance. To work for us as a travel nurse, all you need to do is head over to our website. From there, you will either submit your resume or search for a specific job of your liking to apply to. New Directions Staffing cannot wait to help you get on the road as a travel nurse!

travel nursing jobs and taxes

3 Tips for Filing Taxes for Travel Nursing Jobs

Tax season is upon us. Travel nursing jobs require you to keep up with a lot of records and receipts to file your taxes correctly. It may seem tedious to keep up with so many documents for an entire year. But keeping up with proof of your expenses and travel nurse salary will help make the tax filing process much easier. 

One of the fastest ways to ensure you will get your refund as soon as possible is by using IRS e-file. That is if you decide to fill out your forms on your own. There are several software programs available to guide you through the entire process. And many of these programs are available at no cost. Even those who have complex tax issues can use them.  To make things simpler, you can also choose to visit a tax professional who can take care of the complicated areas for you. 

Helpful Tips for Filing Taxes for Travel Nursing Jobs

People are always looking for answers to tax-related questions during this time of year. That’s why we have put together a few useful tips for traveling nurses. These recommendations will help those with travel nursing jobs file their tax return. And ensure they receive the maximum refund. 

Track Your Expenses

When you have clear records of your daily expenses, you will be able to file your taxes with confidence. Keeping good records will allow you to match your exemptions with the receipts you have on hand. There are several smartphone apps available that make keeping track of what you spend each day much easier. Plus you can always use the basic pen and pencil method to keep up with your spending. Taking a notebook along with you while you are on the road is a really good option. You can write down expenses as you go and keep everything in your glove compartment for ease of use and safekeeping.

Keep All Your Receipts 

Keep all your receipts, especially those relevant to your travel nursing job. These receipts can include those from dining, buying uniforms, paying for fuel and anything else you can think of that could be used as tax write-offs. You can scan your receipts using an app, or keep them in a small box or file folder. How you keep up with your receipts doesn’t matter, just use the method that works best for you. If you end up facing an audit, you will be glad you held on to them. 

Get the Facts About State Income Tax

Several US states require residents to file a state tax return along with their federal return. Travel nurses may need to file a state return for the state they live in and the states where they traveled to for their work as well. If you have questions or concerns about how to file your state income tax return, you should get in touch with a tax professional for help. They can assist you with filing your return so there are no issues to deal with in the future. 

Interested in Travel Nursing Jobs? Find Your Next Career Today

Working as a travel nurse offers the versatility of visiting different places and meeting new people. And you get the reward of helping out your fellow nurses when they are in need. Many registered nurses enjoy traveling to new places every day for work. Now you have the opportunity to do the same. Visit our website to find exciting new job opportunities in the healthcare industry.