Browse Category: Standard Mileage Rate

Delivery Driver 1099 & Taxes

1099 For Gig Delivery Drivers

Whether you drive for Instacart, Doordash, Postmates, Shipt or another delivery driver service, this post is for you. Today we’re going to talk about the 1099’s you receive in the mail and what they mean for you and your taxes.

In previous posts we covered Uber & Lyft 1099 forms (K & MISC) and we’ll be using a similar format for this post as it manages to be both descriptive and helpful with each kind of ridesharing or delivery driver service.

1099 K Form: Delivery DriversStarting in the first week of February delivery drivers will begin getting their 1099 forms for previous years earnings.

It’s officially tax time!

Some delivery drivers will be getting the 1099-MISC if they generated under $20,000 in earnings for the previous year, while others will be receiving form 1099-K if they’ve accrued more than $20k in earnings & 200+ transactions.

Note, a “transaction” in this instance is a “ride”. So if you completed 200 paid rides within the calendar year + you earned more than $20,000, you’ll be getting the 1099-K.

Before we dive in to the specifics we need to state that this post is not to be considered tax advice. For specific advice regarding your taxes you should speak directly with a tax professional.

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everlance for doordash

Top deductions for couriers and shoppers

Whether you’re a Dasher, a Postmate, or any other type of courier or shopper (Instacart, Shipt, Caviar, UberEATS, etc.), you’re an independent contractor. As an independent contractor, paying your taxes can be harder than as an employee – for example, you need make tax payments every quarter. But there’s also a key benefit: as an independent worker, there are lots business deductions you’re entitled to take. Taking those deductions reduces your taxes and increases how much money you get keep to keep.

To maximize your deductions, and therefore maximize the money you keep, you need to understand the types of deductions you can take.

We’ve developed a list of the most common deductions that couriers and other on-demand delivery workers can take.

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Lyft 1099 & Taxes

Lyft 1099 | Filing Lyft Taxes (1099-MISC & 1099-K)

Doing taxesLyft 1099 Forms: Starting in the first week of February Lyft drivers will start getting their 1099 forms for their previous year earnings in the mail and that can only mean one thing…

It’s tax time!

As mentioned above, if you drive for Lyft you’ll be getting your 1099 from them soon, but which one will you get?

Some Lyft drivers will be getting the 1099-MISC if they generated under $20,000 in earnings for the previous year. And those drivers that generated over $20,000 in income + at least 200 trips will be getting the 1099-K.

Not too complicated. However, let’s dive in a little deeper to understand how Lyft drivers are classified for tax purposes and what those different 1099 forms really mean.

As always, this post is not to be considered tax advice. For specific advice regarding your tax return you should speak directly with a tax professional.

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Uber 1099

Uber 1099 Form | Taxes For Uber Drivers (1099-K & 1099-MISC)

uber driverIt’s that time of year again people! Uber 1099 time! That’s right, all of you Uber drivers will be getting 1 of 2 forms in the mail, depending on the revenue you generated.

Some Uber drivers will be getting the 1099-MISC if they generated under $20,000 in income for the previous year. Those who generated over $20,000 in income + at least 200 trips will be getting the 1099-K.

Let’s talk more about these 1099 forms and how Uber taxes work, but before we do we need to make it clear that this post is not to be construed as tax advice. There is no substitute for speaking with a certified tax specialist and you should always consult a pro if you have specific tax questions.

Uber Tax Classification: Employee or Independent Contractor?

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2018 Automobile Allowance Rates (1)

CRA Standard Rate 2018 | Automobile Allowance Rates Canada

Canada Revenue Agency (CRA)The CRA Standard Rate, or more commonly known as the “Automobile Allowance“,  is Canada’s version of the IRS Standard Mileage Rate which allows for Canadians to deduct business mileage on a cost per kilometre basis.

In this article you will find all of the necessary information you need regarding the automobile allowance rates for all provinces & territories in Canada, from the years 2012 to 2018. Which is helpful if you have to take care of previous tax years!

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