turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I am a travel nurse. Can I deduct my lodging and meals if I get weekly stipends for each of these? It is not reported on my w-2 or taxed?

I already filed so is an amendment necessary?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ChristinaS
Expert Alumni

I am a travel nurse. Can I deduct my lodging and meals if I get weekly stipends for each of these? It is not reported on my w-2 or taxed?

If the stipends are given to you and you are not taxed on them, that means you are not paying for these expenses. In that case, no- you cannot deduct them.

Is there a notation in Box 12 of your W2- such as Code L? That means you weren't taxed, and the stipends were not included in your income. You couldn't deduct that portion of your expenses.

In some cases, the actual costs may be greater than the stipend. In that event, you may get a benefit from the additional costs. However, if your income is reasonably high, this benefit may be small. The higher your income, the less likely you will benefit from these expenses.

As an example, lets say the total allowable expenses are $20,000 and your nontaxed stipend was $17,000. Lets say your Adjusted Gross Income is $80,000.

Expenses you paid: $3000 ($20,000 less $17,000 stipend)

Non deductible portion:  $1600 ($80,000 AGI * 2%)

Deduction: $1400 ($3000-$1600)

Possible savings: $350 ($1400 *. 25 tax rate)

Before you do anything, ensure that you were not taxed on the reimbursement. If you were not, think about whether your actual out-of-pocket was greater than the stipend.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question