Travel nurses, locum physicians, therapists, and independent healthcare professionals have profession-specific deductions — licensing, CME, malpractice insurance, and travel costs. Built for 1099 healthcare workers.
Profession-specific deductions that reduce your taxable income — and how much they're worth
State medical licenses, DEA registration, specialty certifications — fully deductible professional expenses.
Required continuing education courses, conferences, and training — deductible professional development.
Professional liability insurance premiums fully deductible as a required business expense.
Flights, hotels, rental cars for travel nursing or locum assignments — deductible when away from tax home.
Space for patient records, billing, credentialing, and administrative work qualifies.
At $150K income, $37,500 SEP-IRA contribution saves ~$9,000 in federal taxes at 24% bracket.
100% of premiums above the line — critical for independent healthcare workers.
Required uniforms not suitable for everyday wear are deductible.
Independent healthcare professionals operate at the intersection of high income and complex tax rules. The financial rewards are significant, but so are the compliance requirements.
The tax home issue is the most important and most misunderstood aspect of travel nurse taxation. To receive tax-free housing and meal stipends, you must maintain a permanent tax home — a place you regularly return to and pay for. Without a qualifying tax home, all stipends become taxable income, dramatically changing the financial picture of travel assignments.
For locum physicians earning $200,000-$300,000 annually, the SEP-IRA is non-negotiable from a tax perspective. Contributing the maximum ($69,000 in 2026) reduces federal taxable income by up to $16,560 at the 24% bracket. Many high-earning locum physicians also benefit from S-Corp election to reduce SE tax on income above a reasonable physician salary.
💡 Use our free calculator above to model your exact tax situation — enter your income, select your deductions, and get a personalized estimate with quarterly payment schedule in under 2 minutes.
Common tax questions for healthcare professionals — answered clearly
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