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travel nursing and taxes

Tax Tips for Travel Nurses

by Howard Gerber on November 22, 2012

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Tax Tips for Travel Nurses

Tax season is approaching like a freight train, and with it, that dreaded paperwork. Being a travel nurse complicates thing exponentially. Here are some things you need to know if you’re just starting out.

1. Every state has different rules, and you have to file in every state you work. Some states, like Florida, have no state income tax. Many others do, and you have to comply. You also have to pay taxes in your home state for all income earned in the US…but if you did pay income tax in another state, you can deduct it. Our best advice is to get a qualified accountant to keep track of it all.

2. Document everything. Every contract, every receipt, every expense. Since lugging around all that paper would be a recipe for disaster, track it online. There are a number of tax programs that help you organize receipts and keep track of expenses. Check out, Tax Central from H&R Block, and IRS2Go, to check on your filing status.

3. Understand that the perks may be taxable. Your living and travel expenses are extensions of your pay. Don’t be blindsided if the IRS wants a cut. [continue reading…]