Income Tax Tips/Hints

  1. 0 Hello everyone-

    Wishing everyone a fruitful new year!

    This will be the first time I file taxes as an RN, I am a single dude, no kids and no house yet. I am not sure what I can write off in my taxes to help me ease any painful payback!

    Any tips/hints from past experiences?

    Eddie
  2. Visit  EMEddie profile page

    About EMEddie

    From 'California'; Joined Sep '09; Posts: 205; Likes: 31.

    4 Comments so far...

  3. Visit  DidiRN profile page
    0
    Is this ok???
  4. Visit  KelRN215 profile page
    0
    Sounds like something you should be asking an accountant. I know you can deduct student loan interest and work-related expenses. For me, as a home health nurse, I deduct the difference between my mileage reimbursement rate ($0.40) and the federal reimbursement rate ($0.56).
  5. Visit  TerpGal02 profile page
    0
    I agree, you probably need to chat with a tax prep person, but I do know you can deduct the cost of professional licensure. So for a new nurse, BON license fees and what you paid Pearson for the NCLEX
  6. Visit  ArtClassRN profile page
    2
    Quote from EMEddie
    Hello everyone-

    Wishing everyone a fruitful new year!

    This will be the first time I file taxes as an RN, I am a single dude, no kids and no house yet. I am not sure what I can write off in my taxes to help me ease any painful payback!

    Any tips/hints from past experiences?

    Eddie
    Oh, the terrible burden of making more money....

    Unless you did something idiotic like claiming 10 exemptions on your W-4, you should be fine and an accountant will be happy to take more of your hard earned money to do your ridiculously easy taxes.

    While I am not endorsing any product or giving you any advice, I have been using Turbotax since 1999 and have not yet been bankrupted by taxes or gone to jail.

    Good luck!
    Last edit by ArtClassRN on Jan 4, '14 : Reason: typo
    BCgradnurse and SoldierNurse22 like this.


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