If you’re a travel nurse, and you’re paying a fair amount of money each month for rent or a mortgage on a house you rarely see, you may want to consider canceling your rental agreement or selling your home - whichever applies to you. Yes, there are some tax implications to this, and many travel nurses are quick to point this out. You’ll probably end up paying taxes on part of what your travel nurse agency spends on your housing if you do this. But some travel nurses may be “stepping over the dollars to pick up pennies.” Here’s why: Let’s say a travel nurse agency spends $1,000 per month on you for rent and utilities, and you don’t have a permanent residence elsewhere. You may end up paying taxes on an extra $250 in income because of the tax rules regarding travel nurses and agency-provided housing. But, you’d also be saving the difference between the $250 and what you currently pay for housing at your permanent residence. If you pay $1,000 on housing at your permanent residence, you’d be saving as much as $750 per month. So you see that, financially at least, it might make sense for you to get rid of your residence and pocket that extra money for retirement or for your emergency fund. But, this approach isn’t right for every travel nurse. For some travel nurses, their home truly is their castle. It’s close to family, friends and familiarity. It’s the one place thay can go where they’ll know where everything is without even looking on a map. And always talk to a tax accountant or financial planner before you take any big steps like this.