How Much Do Travel Nurses Make – In a general sense, when we asked how much a certain type of professional brand, we rely on a steady job as a barometer. And we all have an understanding that the job still has a basic set of costs associated with them. For example, we usually responsible for travel expenses to and from our place of work. We also tend to expect a package of basic benefits, especially if we are talking about highly skilled professionals such as registered nurses.
Why is this important? Because travel nurses tend to incur huge set of other professional costs and no benefits are not standard package. Therefore, when someone says that the annual salary for a travel nurse is $ 75,000, it is a big mistake to measure that citations to a permanent job. When determining how to make a lot of tourists, we must always take into account the potential costs. There are six major costs to consider.
How Much Do Travel Nurses Make
1. Travel Expense Tax Nursing Home
How Much Do Travel Nurses Make, travel nursing companies offer all kinds of tax-free reimbursement. In order to qualify for tax-free reimbursement, you must maintain the tax-house. If you do not keep the house tax, then almost every benefit that the company provides becomes taxable.
Maintain a tax home will require a certain level of costs does not matter how you do it. The most common and easiest to maintain a tax home need to pay for rent or mortgage tax return in your home. This means that you pay some of the cost of living duplicate. You also need to keep all your personal business back home your taxes. In addition, you do not have to work as a nurse traveling in the same metropolitan area for more than 12 months within a period of 24 months.
Another way to maintain a tax home is to set up a home base where you work for 3 to 4 months of the year. During this time, you pay the full tax on all the income you earn. In addition, you retain all of your personal business in the area of the house this tax. Finally, to keep this tax home you have to take the task of traveling in various metropolitan areas have never stayed in one area for more than 3 months. Of course, by constantly stay on the move, you will incur some level of additional costs. The cost of tax home is probably the most complicated factor to consider when determining the real value of the salary package of travel health. We will return to this topic below to add further clarification.
2. Travel Costs
Traveling between contract costs money. Whether you’re driving, flying or taking the bus, there will be costs incurred for lodging, food and transportation.
3. Licensing and Certification Costs
nurse traveling public secure licenses in several countries. Licenses can cost several hundred dollars a pop. Travelers also have to maintain their certification. Unlike permanent employers, travel nurse staffing agencies do not always cover these costs.
4. Medical Benefits
How Much Do Travel Nurses Make, As a travel nurse, you may want to secure your own health benefits. This is because tourists regularly works with several agencies to land the job they want in the location they want. And working with several agencies means that you could potentially change insurance companies often. It can disrupt your continuity of care, thereby securing your own profits become an attractive option.
5. Cost of Low Wages
The trip usually includes a nursing pay taxable hourly wage is relatively low. The tax-free reimbursement offset package. For example, it is common for the taxable wage rate per hour to between $ 20 and $ 25 per hour while non-tax compensation variable equates to anywhere from $ 15 to $ 40 per hour or more.
This means that the amount of money getting diverted to your social security retirement benefits are lower. However, do not worry too much about this one because the actual cost is usually negligible. taxable wages lower will also affect unemployment and Workers Compensation / Disability payments. Therefore, if you experience a problem that requires the use of this safety net, then this can be considered cost.
6. Lack of Paid Vacation or Paid Sick Leave
Most travel nursing companies do not offer paid vacation time or sick leave. These costs must be considered if we measure a similar salary package travel against their permanent.