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Go Home on a RegularBasis for Tax Free Per Diem
As a traveler, the most important thing you can do to preserve your "tax home" under the law, is to "go home" on a regular basis, to live and work, or at least to look for work. This "tax home" status allows you to take tax-free per diems, and to deduct temporary living expenses. In addition, if your "tax home" is in a tax state, you'll have state tax withheld to help offset your home state tax liability.
Getting your "stuff" together
Do you get frustrated at tax time trying to get your tax stuff together and organized? Try keeping a travel itenerary of dates and mileages to help you when collecting your information. Our custom Travel Nurse Tax Organizer has just such an itenerary. Print an extra copy for next year and keep it with you.
Tax Home
The largest deduction for most travelers is "temporary living expenses" while away from their "tax home". Without a tax home, you are an "itenerant worker" for tax purposes, and cannot deduct temporary living expenses.
More Tips:
Meal Per Diem Deduction
Tax-Free Housing and Per Diem – are they really tax-free?
Temporary Living Expense Deductions
Travel Expense Deductions
Vehicle Expense Deductions |
