Are you a staff nurse and considering transitioning to travel nursing? Maybe you’re confused by the travel nurse pay breakdown. Or you may be a new travel nurse who’s having difficulty calculating your salary.
There are so many factors with travel nursing that affect your salary and overall pay — it can become overwhelming and confusing.
We’ve broken things down to show you how a travel nurse salary is calculated.
What is Taxable Income?
Taxable income refers to wages that are subject to federal, state, and local taxes.
Which state will I be taxed by? The income tax you pay will be determined by both your state of permanent residence, as well as the state of your assignment. Unless you have an exception or the state or residence and assignment have a reciprocity agreement.
What is a reciprocity agreement? An agreement between two states that allows residents of one state to request exemption from tax withholding in the other (reciprocal) state.
What is Non-Taxable Income?
Non-taxable income refers to a stipend that is not subject to federal, state, local taxes.
To receive non-taxable income you must be able to prove that you are duplicating travel and housing expenses.
How much is provided in the stipend? Our rates include maximum non-taxable contributions from GSA (U.S. General Services Administration). The amount provided varies and is determined by the cost of living in the city of assignment.
What can the stipend be used for? The stipend can be used for monthly lodging and M&IE (meals and incidentals). Incidentals refer to fees, tips, etc.
If you still need help understanding your compensation package, please reach out to us at 1-800-524-2831 Monday - Friday between 8AM - 5PM EST. Our team will be glad to assist you,