Well, what do you get from the IRS if you have a tax home? Lets say you conservatively get $20,000 a year in tax free benefits in the form of housing, per diems, and travel pay. If you are in the 35% bracket (including state and federal taxes), that is $7,000 more a year in your bank account.Obviously, this math doesn't work well if you have to pay $12,000 a year to get this benefit. I suspect most experienced travelers get more like $30,000 a year in tax benefits from traveling, but that would still get you only close to breaking even.Itinerant status (no home) is certainly one solution. Another is buying a modest home and getting a roommate to cover the mortgage payments. Then your tax free stuff is fully to your benefit, and your home may appreciate as well. You can do the same thing with a 2 bedroom or larger apartment as well, you just lose any capital benefits from potential home appreciation.Obviously, if an agency will roll your tax free into your hourly, your OT will benefit. An agency that knows what they are doing will not do that for IRS reasons (as well as not paying you extra OT), but continue paying per diem and housing and taxing it. By the way, your total pay will probably drop a bit as the agency now has to pay their share of FICA, workers comp, and unemployment on your now taxable reimbursements. That is about 10 percent on that money. And of course so will you. So if you can preserve your tax home, and are a good money manager, you will probably come out ahead.