Industry Guide
Tax guidance for healthcare professionals.
Physicians, nurses, therapists, dentists, and locum tenens — W-2 plus 1099, student loans, and licensure costs.
Who this is for
Built for healthcare professionals
For W-2 employed clinicians, 1099 locums, private practice owners, and multi-state travelers.
Common income sources
- W-2 wages and bonuses
- 1099-NEC locum tenens income
- Private practice revenue
- Moonlighting income
Commonly considered expense categories
- Licensure, DEA, and board fees
- Continuing medical education
- Malpractice insurance
- Scrubs and specialty equipment
- Home office (1099 or practice owners)
May be deductible if eligible and properly documented. Rules vary — verify with a professional.
Recordkeeping
Recordkeeping checklist
- W-2s and every 1099
- CME receipts
- Travel logs for locum assignments
- Student loan interest statements
Watch outs
Common mistakes to avoid
- Not separating W-2 and 1099 expenses
- Missing state-by-state filing for locum work
- Forgetting solo 401(k) or SEP-IRA opportunities on 1099 income
- Skipping estimated payments
FAQ
Frequently asked questions
Industry guides are general educational information for healthcare professionals and do not constitute tax advice. Rules change often and personal circumstances vary — please consult a qualified tax professional.
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