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Learn How to File Taxes for Uber and Lyft Drivers
This course will go over many aspects of taxes for Uber and Lyft drivers, including vehicle deductions.
This Course Includes
udemy
4.4 (6 reviews )
2h 11m 
english
Online - Self Paced
professional certificate
Udemy
About Learn How to File Taxes for Uber and Lyft Drivers
Taxes for Uber, Lyft, and Sidecar drivers are handled differently than what most full time workers are used to. Since we are now considered self employed contractors, we are now responsible for own taxes, including payroll deductions for Social Security and Medicare. This course has many tips on taxes and goes over one of the most common tax deduction, which is mileage. It also covers instances where you want to deduct expenses, but its not recommended unless your car's depreciation is high or have more than 4 vehicles in your fleet. For most drivers, deducting your mileage on your vehicle with the proper records is the easiest way to reduce your tax liability. Also included in this course is a detailed video on how to file your taxes with Turbotax Home and Business! Here is the list of items it covers:
Do Lyft and Uber Drivers Pay Taxes?
What about Quarterly Estimated Taxes?
Introduction to Rideshare Taxes
Tax Deductions and Calculations for Rideshare Drivers
The 1099 Form
Taxes: The Schedule C
Taxes: IRS 1040-ES
The Schedule SE
Deduct Mileage, Lease Payments or Car Expenses?
Section 179 Deduction For Expense-Based Calculations
The Best Kept Secret in Rideshare Taxes
How to File your Taxes with Turbotax Home and Business (Video Walkthrough)
What You Will Learn?
- file taxes on your Uber, Lyft and Sidecar Income .
- understand how to deduct your vehicle expenses .
- Know which deductions drivers can take on their taxes .
- calculate their quarterly taxes .
- pay your quarterly estimated taxes.