Ask A Travel Nurse: Tax Home

Ask A Travel Nurse: Tax Home

2410
3
SHARE

Ask A Travel NurseGypsy,

I am a travel nurse and am wondering if you have any advice about establishing a tax home? I won’t be keeping my apt here, so will that mean everything I make will be taxed? I know my hourly wage will be, but the per diem wage the travel company gives you, will that be taxed? I have thought about asking a friend to let me use their address, but I don’t want to get screwed at tax time! Any advice?

Thanks!
Tiff

Thank you for reading The Gypsy Nurse. You have taken the first step on your journey to become A Gypsy Nurse.

If you do not have a legal tax home, everything that you are given should be taxed as income; including any per diem or housing. There are many travel nurses that will scoot around this by keeping an address with a friend or family member…however, there are HUGE risks with this. If you are audited and cannot PROVE that you have paid ‘market value’ for a room/apartment/etc. then you will be back taxed with penalties and fees. For me, the risk is too great so I have always had a true tax home. At times, this was a full apartment of my own and at other times, it was a rented room.

I HIGHLY recommend that you speak to a tax prep professional. I recommend that you contact a travel tax expert for your tax related questions.  I use Joe Smith @ TravelTax.  Joe is well versed and up to date with traveler taxes. His wife also writes tax advice for The Gypsy Nurse.  I have used Travel Tax for my tax questions and needs for the entire time I’ve been a travel nurse and I trust his advice.  If you have more questions regarding tax home, subscribe to The Gypsy Nurse.  I have upcoming articles on housing as well as an upcoming article from Travel Tax in October that will discuss Tax Home status in more detail.

I love hearing the opinions of my readers.  Your opinion could be the perfect solution for someone.  Please share your thoughts below in the comments.  Do you have a question for me?  Fill out the Ask A Travel Nurse form and submit your questions.  In addition, if you like what you’ve read here don’t forget to SHARE.

Remote Control Your Mail
Overtime Negotiation
SHARE
Founder of thegypsynurse.com I am a nurse entrepreneur TRAVEL and COFFEE ADDICT always seeking the next adventure.

3 COMMENTS

LEAVE A REPLY