Everything travel nurses need to know about travel nursing pay, including negotiating, evaluating, and comparing travel nursing pay packages, and tax free money. There are over 60 articles in this blog category!
In part 1 of this series, we discussed the importance of keeping your travel nursing contracts and pay-stubs as a travel nurse. In this post, we’ll discuss the importance of keeping travel records, keeping receipts, and finding a good tax adviser. Read more
Travel nurses must continually maintain accurate tax records so that they can quickly and efficiently complete their taxes, or transmit the records quickly and efficiently to their tax adviser. Maintaining adequate records for tax purposes is extremely important to maximizing your potential and minimizing your input as a travel nurse. It will not only ensure that you are prepared for an audit should one occur, but it will also ensure that you are able to quickly and conveniently deal with tax related issues come tax time. Read more
Many travel nurses and travel allied health professionals express interest in working as independent contractors. Unfortunately, the vast majority of healthcare workers, registered nurses included, do not meet the requirements set by the IRS to be considered independent contractors. In the end, it really depends on the particular work setting and the relationship between the payer and payee. Read more
As a travel nursing recruiter I worked with many travel nursing couples and a few groups. While almost everything is the same for couples and groups, there are some key differences to be aware of. First, there are rules that may alter the way travel nursing companies handle your company provided housing or lodging stipends. Read more
As we discussed in the article on travel nursing pay packages, travel nursing agencies can split up the travel nursing pay package in many different ways. For example, some agencies structure their pay packages with lower taxable hourly rates and higher tax free reimbursements. Sometimes, you’ll find taxable base rates as low as $10 per hour. As a Registered Nurse, or any other highly trained healthcare professional, you’re probably thinking there is no possible way you’d work for $10 per hour. Read more
In our previous blog post, we discussed how to qualify for factors 2 and 3 of the 3 Factor Threshold Test that the IRS uses when determining whether or not a tax payer qualifies to receive tax-free stipends. In this blog post, we’ll discuss factor 1. We chose to tackle factor 1 last because of its subjective nature. Unlike factors 2 and 3 which are straightforward and clear no matter the scenario, the method for satisfying factor 1 may vary depending on whether or not you’re aiming to qualify under 2 or 3 of the factors in the 3 Factor Threshold Test. Read more
Now that we have made the distinction between indefinite work and temporary work, and we have discussed how to maintain temporary status as a travel nurse, we can move on to our discussion about how to maintain a legitimate tax home. Again, the three factor threshold test is going to be in play for the vast majority of travel nurses because they don’t have a permanent job back at home from which they derive a significant percentage of their income. In this blog post, we’ll begin our detailed discussion of the 3 factor threshold test, paying particular attention to the circumstances faced by travel nurses. Read more
