12/21/2023 0 Comments Write offs for 1099 employees![]() ![]() ![]() Tuition for school has to be done separately from the 1098-T form that you will receive from your school. If you completed your RN–BSN degree last year or any other schooling, you may be eligible for a tax deduction or credit. ![]() Once licensed, you can deduct the cost of any continuing education classes needed to improve your skills. Read: Where Do Nurses Make the Most Money When it comes to your education, which is highly important to stay competitive, these fees can also be written off.Īlong with any travel associated with obtaining your continued education, such as healthcare-related conferences, meetings, and seminars. 4 Common Tax Deductions for Nurses, Mid-wives, and other Healthcare Professional What is a Tax Deduction?Ī tax deduction is money that you subtract from your earned income, which will lower the amount of money you are taxed and the amount of tax you may possibly owe. Nurses should stay up-to-date on evolving tax laws impacting their profession. Many provisions in the Tax Cuts and Jobs Act like the increased standard deduction amounts expire in 2025, meaning deductions could change again in the future. Nurses who are independent contractors can continue deducting these expenses from their federal taxes. However, some states still allow deductions for items like uniforms, union dues, and continuing education. Update: Since the beginning of 2018, employees are no longer able to deduct their unreimbursed employee expenses on their taxes.Īccording to the IRS, nurses who are employees can no longer deduct unreimbursed employee expenses like uniforms and continuing education on their federal taxes starting in 2018 due to the Tax Cuts and Jobs Act. Click image to download your FREE personal tax preparation checklist.Ĭlick HERE for the complete tax preparation check list needed for filing your taxes. ![]()
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