As Ben Franklin said “Beware of little expenses. A small leak will sink a great ship.” This is not to say your freelance business is going to sink by any means but just a friendly reminder that it is important to track your spending especially right now as many of us are trying to think of all the business expenses we can file for our taxes.
Are you a rideshare driver for Uber or Lyft looking for what expenses and mileage you can deduct on your taxes? Our friend Joe Starzyk from Starzyk CPA, LLC has prepared a fantastic guide for Rideshare Drivers (Uber, Lyft, Doordash, Etc). The Ultimate Guide to Tax Deductions for Rideshare Drivers
Guide for Rideshare Drivers
All information here is intended to be used only as a guide. Your situation may be different. As always, you should speak with your tax professional for advice.
If you are in the business of rideshare driving, there are several deductions available to help offset your income. I developed this guide to help drivers understand many of the tax deductions they may be entitled to. By no means is this list all-inclusive. Also keep in mind, some items listed here may not apply to all drivers
Are you a recent Uber, Lyft, Instacart, Doordash or Postmates Independent Contractor? Maybe you recently set out to be your own boss as an independent photographer, wedding planner, designer, musician, handyman, or real estate agent? Well whether you think of yourself as an freelancer, Independent Contractor, Self Employed, or Solopreneuer taxes are something you’re going to have to deal with and important to understand your taxes as a freelancer.