Tag Archive for: Travel Nursing Benefits

Travel Nursing Pay – Tax Free Money – Basic Information

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Now that we have a pretty solid understanding of the basics of the travel nursing pay package (1, 2, 3, 4, 5, 6), let’s discuss the “Tax Free” aspect that everyone seems so fascinated with. I mean, what’s not to be fascinated about?! You’re not going to have to pay any taxes!! Is it possible that Benjamin Franklin was wrong when he said, “in this world nothing can be said to be certain, except death and taxes.”? The answer is yes, possibly. Please note the emphasis on “possibly.”

Before I offer any further information it’s important to note that I am not a tax adviser, Certified Public Accountant, or Lawyer. I am not in any way providing any tax advice. All information regarding taxes is informational and intended as a jumping off point. You must seek the help of professional tax advisers to gain a clear understanding of your unique circumstances. We recommend the folks at traveltax.com. That said we can move on to a detailed discussion of this issue. Read more

Travel Nursing Pay Package Comparison Strategy: Part 3

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In Part 2 of this series we provided an example of a “blended hourly” rate comparison for travel nursing pay packages. In this blog post we’ll provide an example of a “total value” comparison for travel nursing pay packages.  The total value comparison is bit more straightforward. Our goal here is determine the total value of the entire contract. To do so, we again begin with the number of weeks and hours per week to determine the total number of hours in the contract. Read more

Travel Nursing Pay Package Comparison Strategy: Part 2

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In Part 1 of this series we discussed the importance of viewing the travel nursing pay package as a pie and determining the total number of hours in the contract being examined. The next step is to determine the dollar values of each piece of the pie.

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Travel Nursing Pay Package Comparison Strategy: Part 1

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Comparing travel nursing pay packages can be very difficult. There are many different variables involved and no two agencies quote pay packages the same way. Travel nurses need a strategy that helps them take control of the situation. So in this series of blog posts, we’ll provide you with a strategy to simplify the comparison of pay packages. Read more

Travel Nursing Pay – Dispelling the Myths

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The multitude of variables involved with a travel nursing pay package make it pretty complicated and difficult to understand. In addition, there are several myths about pay packages that serve to further obfuscate the matter. In this blog post, we’ll look to clarify some of the confusion that these myths leave in their wake. Read more

Travel Nursing Pay – The Company’s Perspective: Part 2

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In Part 1 of this series we discussed the three basic variables that travel nursing companies pay attention to when determining the travel nursing pay rates for their jobs. To keep it simple, we defined these variables in very simple terms (Revenue, Cost, and Other Costs) rather than using the technical terms typically used in the business. Now let’s turn to discussing how agencies use them to determine their pay packages. Read more

Travel Nursing Pay – The Company’s Perspective: Part 1

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Perhaps the most complex and least understood aspect of travel nursing is travel nursing pay. Most blog posts I’ve read don’t provide a completely accurate explanation of the pay package. Some of them do a good job of explaining the travel nurse’s side of the pay package, but nobody comes close to offering a full explanation of what’s happening on the agency’s side of the equation. Understanding the agency’s side of the equation is extremely important as it will help you see right through the sly sales pitches and advertising gimmicks. Read more