Nursing is an attractive career for those who want to serve others while enjoying challenging work, competitive pay, and the opportunity for professional growth. If you're a nurse, keep in mind these tax tips to maximize your potential refund.
Nurse-Specific Tax Deductions
Itemizing your tax deductions can potentially reduce your tax burden compared to taking the standard deduction, depending on the total amount of your deductions. Nurses might be unaware of certain professional deductions they can claim on their tax returns, including:
Medical supplies and tools beyond what your employer provides. For example, perhaps you purchased your own stethoscope; the cost is tax-deductible. Keep in mind that equipment that will be used for longer than a year must be deducted ...