Know more about package of Travel nurse jobs in MA

Travel nurse packages will differ according to the company and the individual. For example, one travel nurse may accept a housing stipend, whereas another may accept company-provided housing. These minor distinctions should be kept in mind when researching travel nurse contracts and speaking with your peers. Furthermore, some travel nurse companies will have exclusive contracts with healthcare institutions, and packages will differ accordingly.

All pay packages include three major components:

• Hourly pay that is taxable
• Housing Allowance
• Stipend for Meals and Incidentals

Hourly Rate Taxable

The hourly rate is the dollar amount per hour worked. It is critical to remember the taxable portion of the pay package. The actual amount you are paid depends on the agency. Travel nurse jobs in MA will want to pay you the least amount possible in order to make packages appear as appealing to travel nurses as possible. The higher the hourly wage, the more taxes are deducted, resulting in less weekly income.

Stipends for housing, meals, and miscellaneous expenses

Because non-taxable money is not considered income, this portion of the pay package is tax-free. This is the most appealing aspect of a travel nurse pay package, and it is also where travel nurses will make the most money. The travel nurse company directly determines this amount.

These stipends will also vary depending on whether you choose to live in company-provided housing or find your own. If you choose to live in company-provided housing, you will not receive a housing stipend. Many travel nurses choose to accept the housing stipend and then find their own housing. This allows nurses to take home more non-taxable pay. However, be cautious because it can also be harmful.