Welcome to Travel Nurse Guide
Alaska Travel Nurse Article
This is a selection made from among articles on Alaska Travel Nurse. For a permanent link to this article, or to bookmark it for future reading, click here.
from:
Travel Nurse Employment: Tax Advantages of Per Diem Deductions
By Jeff Morrow
When you are a travel nurse, then you need to have a pretty good understanding of per diem rates and how they might lower your taxes. Many travel nurses believe that per diem is only a tax benefit that staffing agencies offer and yet, surprisingly, others do not. This misunderstanding about what per diem is and how it may affect your taxes is an important financial issue that you need to understand. How you report your per diem earnings could mean the difference in thousands of dollars in tax savings.
Whether you are looking to maximize deductions, reduce taxes, or increase your returns, travel nurses should take the time to learn as much as possible about the IRS per diem tax rules. Certainly, one way to learn is to go to the IRS home page and download publication 1542 and read the rules so that you have a working idea of what to expect by tax time next year. Another great resource, especially, now a days is to do your taxes yourself, if you have a personal computer or laptop. Turbo Tax is a great software program. Not only is it inexpensive and tax deductible itself, but it is very easy to work when you use the step-by-step wizard. You can walk through your entire tax return, and file it electronically. You can get your refund deposited directly into your checking account in a matter of days.
A couple of travel expenses to have a heads up about include:
- The travel nurse has a permanent tax home
- The travel nurse takes a temporary (less than 12 months) assignment away
from their tax home
Unfortunately, one of the most common tax mistakes that a travel nurse makes is not being educated or even aware of the tax advantages to per diem deductions. Now that you are are aware that savvy travel nurses are eligible for per diem deductions for every day that they are on temporary assignment away from their tax home, pass on the work to your co-workers, or email them this article so that they can bookmark this overview and take advantage of these tax benefits themselves.
It is important to be aware that some companies don't pay per diem allowance, pay too little per diem, or only pay per diem as a function of hourly pay. You can learn what these scenarios mean for you personal tax situation by consulting with a tax advisor or researching the IRS rules. You deserve to to get every dollar of per diem related deductions that you are entitled to, and we hope that this article has help you.
Note: while much care has been taken to make this article accurate, tax rules do change. Please be sure that you are up-to-date on the latest IRS rules. This article is meant for informational purposes only and is not meant to replace the advice of a skilled tax advisor.
Learn more about Travel Nurse Deductions and Financial Issues at the Travel Nurse Employment Portal. Or, to find Travel Nurse Jobs that updated every two hours from around the web . . . let
us help you find your next travel nurse position.
Article Source: http://EzineArticles.com/?expert=Jeff_Morrow
http://EzineArticles.com/?Travel-Nurse-Employment:-Tax-Advantages-of-Per-Diem-Deductions&id=212411
Alaska Travel Nurse Specific links
Watch Free Videos At Mevio!
- Tons of Free Videos, Only At Mevio.com
-- http://www.mevio.com/
Howie Mandel & The Talking Pine
- Howie Mandel tries to come up with a holiday campaign for Buy.com. Buy.com has millions of items at amazing prices, free shipping, video reviews, over 20 major categories of products.
-- http://www.youtube.com/
New Rap Music
- Search Emerging Artists & Help Vote Them Into Stardom. Join Today
-- http://www.ourstage.com/
TidalTV
- Today's Hit Shows. Classic TV. Plus the Best Shows You've Never Seen. Watch it all Now for Free on TidalTV.
-- http://www.tidaltv.com/
Burly Sports: Patriots Winning Moves.
- Drunk fan videos, hilarious sports recaps, and sports spoofs...
-- http://www.heavy.com/
Alaska Travel Nurse News
In front of the new Fairbanks Elementary on Route 38 stands a multi ... - Marysville Journal-Tribune
Incorporating the character of its rural surroundings and the latest in technology, the new Fairbanks Elementary awaits the youngsters who will soon travel its hallways and play on its playgrounds. The 65,000-square-foot building will officially open ...
Read more...It's Official: Democrats Have Won 58 Senate Seats - Nation
The senior Republican member of the US Senate, Alaska's Ted Stevens, conceded defeat Wednesday in his race for a new term. The announcement by Stevens confirmed that Democrats will have at least 58 seats in the new Senate. And with two contests yet ...
Read more...Opposing Viewpoints: Which is the better coast? - Brigham Young News
When people think of the West Coast, they think of California. Sure, we may be the third largest state in the United States, as well as one of the top 10 economies in the world, and if we were independent, we would be in the top 35 most populous ...
Read more...November 2 - November 9 (82) - Dakota Voice
► January 16 - January 23 (1) I read recently about a marked increase in “medical tourism” by Americans. Patients travel to foreign countries for hip replacements, cardiac by-pass surgery, plastic procedures, gallbladder removal etc. India ...
Read more...November 2008 - ABC News Blogs
1. Who will play a bigger role in filling out President-elect Barack Obama’s Cabinet -- Joe Biden, Bill Clinton, or Doris Kearns Goodwin ? 2. Will the Republican Party have to blow itself up to put itself back together ? (Which of those directions ...
Read more...2008 (2665) - Dakota Voice
► January 16 - January 23 (1) Brian has a good point here. When I was in the Air Force, I recall one night when a new guy, fresh out of training, came to work on our shift. In military police work, you rely on your "radio" or "portable" quite a bit ...
Read more...Movies on TV this week - Dallas Morning News
To search for a title or actor, click "Edit" at the top of your browser, then select "Find" – or just hold down the Control key on your keyboard, then hit the letter F. Type in the word you want to search for and hit Enter. Your browser will ...
Read more...As it happened: US election reaction - BBC News
1555 As the president-elect hones his physique, with the warm words of predecessor George W Bush ringing in his ears, it is time to bring our own marathon live text commentary - which began 29 hours ago - to a close. We have tried to avoid the word ...
Read more...Video | Jane's travel tips - Miami Herald
Select a State – All United States – Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan ...
Read more...Health center focuses on education, not emergencies - Anchorage Daily News
W ASILLA -- The Mat-Su Public Health Center isn't the kind of place to inspire racy medical soap operas like "ER" or "Grey's Anatomy." Instead of gunshot victims and shouting medics, the quiet waiting room holds a bulletin board devoted to influenza ...
Read more...