top of page
Search

Maximizing Tax Deductions for Rideshare & Delivery Drivers 🚗💰

If you drive for Uber, Lyft, DoorDash, Instacart, Amazon Flex, Walmart Spark, etc., you could be leaving money on the table when it comes to tax deductions. As an independent contractor, the IRS allows you to deduct business-related expenses, reducing your taxable income and keeping more of your hard-earned money.

At Goodson’s Accounting & Tax Services, we specialize in helping gig workers maximize deductions and stay IRS-compliant. Here’s what every rideshare and delivery driver needs to know for tax season!

Understanding Your Tax Status as a Rideshare or Delivery Driver


Unlike traditional employees, gig workers are considered self-employed. That means:
✅ You don’t have taxes withheld from your earnings.
✅ You receive a 1099-NEC or 1099-K instead of a W-2.
✅ You’re responsible for self-employment taxes (Social Security & Medicare).

To avoid surprises at tax time, it’s crucial to track income, expenses, and set aside money for quarterly estimated tax payments.

Essential Tax Deductions for Rideshare & Delivery Drivers


🚙 Mileage Deduction
📱 Phone & Internet Bill
⛽ Vehicle Expenses
🅿️ Parking & Tolls
🛍 Supplies & Work-Related Expenses
💼 Self-Employment Tax & Health Insurance

Quarterly Tax Payments


As an independent contractor, taxes aren’t withheld from your pay. To avoid IRS penalties, you must pay estimated quarterly taxes if you believe that you will owe:

Want to Maximize Your Tax Savings?


💰 Get the Ultimate Rideshare & Delivery Driver Tax Guide!

📖 This step-by-step guide includes:
✅ Complete Tax Deduction Checklist
✅ Expert Tax-Saving Strategies
✅ Common Tax Mistakes to Avoid
✅ Real-Life Tax Scenarios & Solutions

🎯 Take control of your taxes and keep more of your money!

📞 Need expert help? Contact Goodson’s Accounting & Tax Services!
📍 1708 Trawick Rd, Ste 211, Raleigh, NC 27604
📞 1-833-924-7262 ext. 1
 
 
 
 

Recent Posts

See All

Comments


833-924-7262

Subscribe Form

Thanks for submitting!

©2024 by Goodson's Accounting & Tax Services, Inc.

bottom of page