If you’re a travel nurse, finding the right CPA can be crucial for managing your unique tax situation. With all the moving around, dealing with multi-state taxes, stipends, and travel-related deductions, you need someone who understands the ins and outs of travel nursing finances.
Top CPA Options for Travel Nurses:
- Travel Nurse Tax: A service tailored specifically for healthcare travelers, they have over 20 years of experience. They help you navigate tax challenges like establishing a tax home and handling stipends and multi-state tax filings. They also offer audit defense, so you’re covered in case the IRS comes knocking.
- Insogna CPA: Known for their expertise in handling travel nurses’ taxes, this firm treats travel nurses like business owners. They focus on maximizing deductions, including those for travel expenses, continuing education, and uniforms. They’re great if you want year-round tax and wealth management services to optimize your earnings.
- Cloonan & Associates CPA: This firm specializes in travel nurse taxation, with a team that includes a former travel nurse. They’re experts in handling tax reimbursements, planning, and filings across multiple states, giving you peace of mind and ensuring that your taxes are in good hands.
- Travel Nursing Central Tax Services: If you want to minimize your risk of being audited, this firm is a solid choice. They focus on maximizing deductions for travel nurses, including housing stipends, travel, and even state-specific deductions, which are often missed by general CPAs.
Key Services to Look For:
- Multi-State Expertise: Your CPA should understand how to manage taxes across different states, ensuring you get the most out of your deductions.
- Tax Stipend Knowledge: They should know how to handle your tax-free stipends correctly, so you avoid owing taxes on money that should be non-taxable.
- Audit Defense: It’s always good to have a CPA who can stand behind their work and assist you in case of an audit.
Important Tax Deductions for Travel Nurses:
- Housing and Travel Expenses: If you maintain a tax home, these costs, such as lodging and meals at your assignment location, can be deducted.
- Continuing Education: Licensing fees, training, and conferences are tax-deductible, so keep those receipts!
- Mileage and Car Expenses: You can deduct costs associated with driving for work, including mileage, gas, and repairs.
With the right CPA, you can simplify tax season, avoid costly mistakes, and maximize your savings.