Mar 28, 2019 | Carshare Taxes, Tax Tips, Turo Taxes
Peer-to-peer car sharing platforms like Turo and Getaround are popular car rental sites for people who want to earn extra income renting out their car. People use sites like Turo and Getaround for a variety of reasons; they want to make extra income, or perhaps they...
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Feb 8, 2019 | Carshare Taxes, Rideshare Taxes, Tax Tips
Guest Blog Post By: Andy Pillsbury, VP SherpaShare Mileage tracking can help freelancers secure deductions of $6,000 or more on taxes. The following outlines how apps such as Simple and other can help you maximize deductions. What is mileage tracking and how does...
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Oct 4, 2018 | Carshare Taxes, Tax Tips
Car owners now have more options than ever to earn money from their cars. One of the biggest benefits of using car sharing services, such as Getaround and Turo, is that you can make extra income with the car you already own or lease. However, you should be aware that...
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Jun 25, 2018 | Carshare Taxes, Tax Tips
For 2018, there are new depreciation limits on passenger vehicles. These are the annual limits on the total amounts that you are permitted to expense for a car. As a result of the passage of the Tax Cuts and Jobs Act (TCJA), the annual auto depreciation limits have...
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Mar 8, 2018 | Carshare Taxes, Depreciation Tips, Tax Tips, Turo Taxes
Carsharing presents a great opportunity for people with cars sitting in their driveway and for entrepreneurs looking to compete with traditional car-rental services. In addition, there can be key tax benefits. If you’ve earned money this year from sharing your...
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