In this case, your travel expenses, lodging, and food can be deducted only if you work on a temporary travel nurse assignment that doesn’t exceed one year and on ly if you are not already receiving a non-taxable stipend.

You cannot write off your public transit fare and Airbnb in Manhattan as it is your site of employment-or, your tax home.Īs you can imagine, this is where it gets a bit tricky for a traveling nurse, who often doesn’t have a single place of employment but is sent to different medical facilities throughout the U.S.

You and your partner own a home in Jersey City, but you work as an RN in a Manhattan hospital, spend Tuesdays to Saturdays in New York, and return to New Jersey on your days off.

“the entire city or general area where your main place of business or work is located, regardless of where you maintain your family home.” The Internal Revenue Service (IRS) classifies a tax home as: Regardless of your situation, it’s important to understand what’s deemed your tax home. Or perhaps you rent out a studio in San Diego and return home every three to four months to decompress. You might own a home in Denver but spend several months throughout the year on assignment from Aspen to Alaska. #2 Familiarize Yourself with the Concept of a “Tax Home” To reduce or eliminate the amount of taxes owed, travel nurses bank on their deductions-or business expenses that impact their net income, a subject we’ll leap into below.

Wage income may vary from state to state.

Your income will be subject to income tax in every applicable state in which you were on travel assignment.

The sunny shores of Florida, the lush greenery of Wisconsin, the architectural splendors of New York-one of the biggest draws of travel nursing is the opportunity to tour a vast swath of the country (or even the world) that you might otherwise not have the chance to explore.īut working in multiple states means that you must also file non-resident tax returns in all of the states (except for non-income tax states) in which you were on travel assignment in the preceding tax year. Here are three crucial things to understand about travel nurse taxes: #1 You May Have to File in Multiple States If you worked as a staff nurse at a hospital last year, filing your taxes may end up being a rather straightforward task.īut if you worked as a travel nurse last year or in years past, this can render taxes a touch more complicated. Read on as we unpack tax prep for travel nurses, no matter if you’re working alongside a CPA or using your own tax software.ģ Essential Things to Know About Travel Nurse Taxes

Whether you’re a seasoned tax nurse with plenty of experience in filing your taxes or have just begun seeing the country in this exhilarating profession, one truth remains: The more knowledge you accrue before attacking your stack of pay slips, tax returns, and receipts, the easier the task will feel-and the more you may be able to reap the unique rewards afforded to tax nurses.

The 2023 tax season is quickly approaching, which can mean one of two things for all types of travel nurses : Yay to the host of tax deductions that may be available to you, and nay to having to navigate what might feel like a daunting heap of paperwork.

Covid tax write offs