You’re Not Just a Doctor—You’re a Business
As a 1099 independent contractor, a locum tenens physician can take advantage of tax deductions that W-2 employees can’t. That includes:
- Travel and lodging
- Meals while on assignment
- State licensing fees and CME
- Medical equipment and uniforms
- Home office expenses
Big Wins: Retirement Contributions
Working locums? You can set up:
- A Solo 401(k): Contribute as both employer and employee
- A SEP IRA: Easy to manage and tax-deductible
These allow you to save more for retirement—and reduce taxable income in the process.
Pro Tip: Work With a Tax Advisor
A CPA who understands the locum tenens credentialing process and contractor tax laws can help you minimize liability and avoid IRS penalties.
