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Tax Deduction Consulting: Traveling Nurses Hockessin DE

Tax deductions are beautiful things, but there are different ones for each are of revenue. In this article, we discuss tax deductions for traveling nurses.

Keith Al-Chokhachy, Certified Financial Planner(tm)
2751 Centerville Road
Wilmington, DE
Company
Title: Certified Financial Planner"
Company: Morgan Stanley Smith Barney
Years Experience
Years Experience: 8
Service
Captive Insurance,Life Settlements,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Fee Only Portfolio Management,Wealth Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rol

Data Provided by:
Bill Curry
1521 Concord Pike
Wilmington, DE
Company
Company: Curry Poole Group, LLC
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
BS
MBA
JD
Years Experience
Years Experience: 42
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Portfolio Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Man

Data Provided by:
Brian K. Lureen (RFC®), CHFC, CLU
(610) 889-2066
5 Great Valley Pkwy Ste 334
Malvern, PA
Company
Heritage Advisory Services, Inc.
Qualifications
Education: BS
Years of Experience: 21
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, BuySell, Compensation Plans

Data Provided by:
Eller Tax Service
(302) 656-4787
2303 Lancaster Ave
Wilmington, DE
 
Globe Income Tax Service
(302) 998-2256
2116 Kirkwood Hwy
Wilmington, DE
 
Joan L. Sharp (RFC®), CFP, CHFC, MSFS
(302) 324-5363
42 Reads Way
New Castle, DE
Company
Life Strategies, LLC
Qualifications
Education: BAMSFS
Years of Experience: 8
Membership
IARFC, FPA, SFSP
Services
Invoice, Estate Planning, Retirement Planning, Tax Planning, Charitable Planning, Asset Protection, Compensation Plans

Data Provided by:
Frank M. Levy (RFC®), CHFC, CLU
(302) 765-3500
205 Philadelphia Pike
Wilmington, DE
Company
Diversified Financial Consultants
Qualifications
Years of Experience: 34
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Asset Protection, Compensation Plans

Data Provided by:
H&R Block
(302) 999-8100
2407 KIRKWOOD HWY
WILMINGTON, DE

Data Provided by:
H&R Block
(302) 656-7212
106 S UNION ST
WILMINGTON, DE

Data Provided by:
Eller Michael Income Tax Service
(302) 652-5916
724 N Union St
Wilmington, DE
 
Data Provided by:

Tax Deduction Consulting: Traveling Nurses

Tax Deductions for Traveling Nurses

Tax deductions are beautiful things, but there are different ones for each are of revenue. In this article, we discuss tax deductions for traveling nurses.

If you are a traveling nurse, there are various tax deductions that you should be aware of. While there are basic deductions that all nurses receive, the expenses incurred for traveling nurses are also oftentimes deductible. It is imperative to note that in order to be eligible for traveling nurse deductions, you must have a tax home. This is the place your reside when not on duty. It will be your permanent mailing address. The tax home will be proof that you are traveling from your home to and from nursing appointments. If you do not have a home and travel between jobs, you must be considered homeless for tax purposes. Be sure that you meet any other federal or state mandated requirements to apply for traveling nurse deductions.

Traveling nurses are often considered to be on temporary assignment. To be eligible for deductions, this must be the case. Temporary assignment is less than one consecutive year at a certain jobsite. Many experts recommend leaving a job site for at least two weeks per year to be eligible for deductions.

As with any nurse, you will receive deduction benefits. For your services, you can deduct any mandated dues such as union fees. In addition, any required continuing education is completely deductible. Your uniform, to include scrubs and small stethoscopes are also eligible for deduction. Most nursing staff are required to keep up to date dues and licenses. The costs you incur while renewing these documents are also deductible.

If you have been determined to be a traveling nurse for tax purposes, there are several more deductions you can take advantage of. Any costs you incur such as lodging, meals, cell phone use and transportation are deductible. It is imperative to keep an impeccable record of all expenditures for easy itemizing when tax...

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