Welcome to Travel Nurse Guide
International Travel Rn Article
This is a selection made from among articles on International Travel Rn. 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
International Travel Rn Specific links
Looking For International Travel Rn Videos?
- You're looking for blinkx! Watch & search the largest selection of International Travel Rn Videos now.
-- http://www.blinkx.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/
Entertainment News
- Breaking headlines and Hollywood gossip. Free entertainment videos and clips!
-- http://www.ivillage.com/
International Travel Rn News
Language Line(R) University Announces New Certified Medical ... - MarketWatch
Language Line(R) University Announces New Certified Medical ... MarketWatch - "Similar to a CPA in accounting or an RN in nursing, we hope the CMI designation will help employers recognize the level of training and professionalism ... |
Healthy dining options land Metro Airport at the top - Detroit Free Press
Healthy dining options land Metro Airport at the top Detroit Free Press, United States - Air travel alone is likely to make people dehydrated, constipated and cranky. Junk food makes it worse, she said. With more and more airlines not including ... |
Big 3 fail to close deal on bailout - Los Angeles Times
Big 3 fail to close deal on bailout Los Angeles Times, CA - Patrick T. McHenry (RN.C.) said flying to Washington on expensive private jets was "a bit arrogant before you ask the taxpayers for money. ... |
Goad to Head Pharmacists Association - Media Newswire (press release)
Goad to Head Pharmacists Association Media Newswire (press release), NY - Jeff Goad, associate professor and director of the USC School of Pharmacy International Travel Clinic, was installed as the new president of the California ... |
Senators comment on Stevens - Anchorage Daily News
Senators comment on Stevens Anchorage Daily News, AK - Pete Domenici, RN.M.: "More than anyone else, you have taught me he meaning of representing my state. You are unabashed about that, and that caused me on ... |
City Tech Nursing Professor Seeks To Improve Global Healthcare Options - Brooklyn Daily Eagle
City Tech Nursing Professor Seeks To Improve Global Healthcare Options Brooklyn Daily Eagle, NY - She also has extensive international travel experience and has demonstrated leadership in her profession. New York City College of Technology (City Tech) of ... |
Medical Tourism - Nurse.com
Medical Tourism Nurse.com, VA - Also, before travel, local follow-up care should be coordinated to ensure continuity of care when patients return to the US Patients first need to consult ... |
11-15 Business briefs - Edmond Sun
11-15 Business briefs Edmond Sun, OK - Exclusive to Cruise Planners is International Conferences, a provider of excellent accredited programs of continuing medical, legal, nursing and dental ... |
Comment: An Exercise In Futility - Zimbabwe Independent
Comment: An Exercise In Futility Zimbabwe Independent, Zimbabwe - Many of them have not forgotten how he refused to travel to Swaziland three weeks ago for the Sadc troika meeting where they were gathered to hear ... |
Heavy toll for East Boston - Boston Globe (registration)
Heavy toll for East Boston Boston Globe (registration), United States - Many of the corner stores sell food, phone cards, and travel packages tailored to the transplanted populations, and these would probably not be threatened ... |