Sep 23, 2020 | Rideshare Taxes
Best Tax Extension Tips for Rideshare Drivers Automatic extensions can give you up to six additional months to file your tax return. The extra time makes a big difference for many rideshare drivers. However, taking a few steps in advice can save you a lot of...
Read more
Sep 1, 2020 | Rideshare Taxes
Taxes are an inevitable part of working. Regardless of how you earn your income, taxes must be paid on the income you earn. The tax filing deadline is quickly approaching. If you haven’t filed your taxes yet, now is a good time to start gathering the necessary...
Read more
Jun 18, 2020 | Airbnb Taxes, Rideshare Taxes, Tax Tips
If you participate in the sharing economy by working as a 1099 contractor or by renting your home on Airbnb, you know that you will likely be required to pay taxes on your income. But just how much do you need to save in order to cover your estimated tax payments?...
Read more
Jun 1, 2020 | Rideshare Taxes, Tax Tips
Driving for rideshare is a great way to earn money at your own pace, but it complicates your tax situation too. You work for yourself, so there’s no one to withhold taxes from your check. You’re responsible for paying your own taxes, but you can reduce...
Read more
May 28, 2020 | Rideshare Taxes
If you drive for Uber and Lyft, you’re a small business owner. You don’t work directly for the rideshare company, so the IRS views you as an independent contractor. Since you’re not an employee, the platform doesn’t withhold any taxes from your...
Read more
Mar 3, 2020 | Depreciation Tips, Rideshare Taxes, Tax Tips
As a business owner, tax deductions are your best friend. By leveraging your qualified expenses against your income, you can effectively lower your tax obligation. When it comes to qualified expenses, the IRS allows a lot of regular business expenses to be written...
Read more
