It is important to know that if you drive from Uber, Doordash, Instacart or any other ride-sharing company, you should consider yourself a contract worker, which really means that you are self employed. Because of this, it’s likely that state and federal taxes are not withdrawn when you receive your paychecks, so it is up to you to calculate how …
Do You Drive To Make Money? – Calling All Gig Drivers – Get the Largest Tax Reduction You Can! Part 1
If you drive for Uber, Doordash, Instacart or any other company where you use your vehicle for employment, this article is for you! The IRS has two different ways of calculating the cost of using your car for your business. Because of this, you’ll want to see what both options are so you can choose the best option that will …
Hidden Costs of Becoming a Rideshare Driver
Ridesharing companies, such as Uber and Lyft, have grown exponentially in the past few years. According to these corporations, their drivers can make a lot of money quickly. However, what they don’t mention are the hidden costs that pile up when you drive for these services. Most people end up becoming a rideshare driver because they think it is an …