Welcome to Travel Nurse Guide
Travel Agency Nursing Article
This is a selection made from among articles on Travel Agency Nursing. 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
Travel Agency Nursing Specific links
Travel Agency Nursing News
U.S. News & World Report Releases Best Nursing Homes 2012 - Sacramento Bee
U.S. News & World Report Releases Best Nursing Homes 2012 Sacramento Bee US News's evaluation of nursing homes is based on data from Nursing Home Compare, a consumer website run by the Centers for Medicare and Medicaid Services. The government agency sets and enforces standards for nursing homes (defined as facilities or ... |
Reorganizing mental health services into regions would boost efficiency ... - DesMoinesRegister.com
Reorganizing mental health services into regions would boost efficiency ... DesMoinesRegister.com Nate Breitfelder on mental health: Nate Breitfelder, 34, lives in Dubuque, but receives mental health services from Jackson County, where his parents live. Listen as Nate shares some thoughts about his life. Nate Breitfelder, 34, of Dubuque must have ... |
Clayton Women Plan Documentary Film About Hit Man Turned Hero - Patch.com
Clayton Women Plan Documentary Film About Hit Man Turned Hero Patch.com Madison, a registered nurse, first met him in January 2011 during a mission trip to Nicaragua with The Church of St. Michael & St. George, where she is a member. She spent 35 years in nursing and runs a home-care agency. In part, she visited Nicaragua ... |
MBTA Hearing on Service Cuts Tonight - Patch.com
MBTA Hearing on Service Cuts Tonight Patch.com Senior Citizens will be among the vocal critics of the agency's proposal to increase fares significantly and eliminate some services. An MBTA bus picks up local riders at the Starbucks on Pleasant Street. Dozens of local seniors are set to speak out ... |
Sylacauga Health and Rehab gets deficiency free rating - Daily Home Online
Sylacauga Health and Rehab gets deficiency free rating Daily Home Online Dr. Walter T. Geary Jr., bureau director of the state survey agency at ADPH, said few nursing homes receive this rating. “Of the 299 nursing home providers in the state, only nine received a deficiency free rating in our last survey cycle,” Geary said. |
Noteworthy - Feb 2012 - ScoopSanDiego.com
Noteworthy - Feb 2012 ScoopSanDiego.com The Grossmont Healthcare District (GHD), a public agency that supports various health-related community programs and services in San Diego's East County, has presented $6000 in scholarships to three nursing students based on their community involvement ... |
Labor experts say service, health, social assistance sectors boast growth - Northwest Herald
Labor experts say service, health, social assistance sectors boast growth Northwest Herald Among the other top-growth industries are scientific and technical consulting services management, computer systems design and related services, local government, home health-care services, services for the elderly and people with disabilities, nursing ... |
Nurses forced to pay to work in NSW hospitals - The Daily Telegraph
Nurses forced to pay to work in NSW hospitals The Daily Telegraph Sarah wants to resume her nursing duties but can't afford to. Picture: Anthony Reginato Source: The Sunday Telegraph NSW is screaming out for hundreds of nurses but those who've been on extended leave must pay $10000 for a refresher course before they ... |
People in action - Inside Tucson Business
People in action Inside Tucson Business Anne Gassmann Rosenfeld, Ph.D., RN, CNS, FAHA, FAAN, recently joined the University of Arizona College of Nursing as associate dean for research. She most recently was associate dean for research, innovation and translation at the Oregon Health and ... |
Where the Jobs Are: Public Health Doctor, Animal Caretaker, Sanitation Worker - Patch.com
Where the Jobs Are: Public Health Doctor, Animal Caretaker, Sanitation Worker Patch.com Provides direct patient care for uncomplicated maternity clients, STD, international travel and infant development clinics at all five Health Department District Offices. Clinic services may include some early evening clinics. |