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Learn how the IRS determines mileage rates annually, review historical rates, and see projections for the 2024 standard mileage deduction for drivers.
As a Lyft driver, maximizing your tax deductions means more money in your pocket. Read on for the top tax deductions for drivers in this guide.
Maximize your Shipt income, savings, and tax deductions before December 31st with these end-of-year success strategies for delivery drivers and shoppers.
Are you looking for a straightforward, IRS compliant Excel mileage log template? Our free downloadable Excel mileage log will help you track your mileage manually and contains all the information you’ll need to meet IRS standards.
Compare the pros, cons, and documentation needs of claiming the standard IRS mileage rate versus deducting actual vehicle expenses for your rideshare driving.
Learn how Dashers can navigate quarterly taxes and maximize their deductions while working as independent contractors for popular delivery services like Everlance.
Do you need to pay taxes on earnings from rideshare driving if it's less than $600? This guide explains why all Uber drivers must report income and pay owed taxes, even if total earnings are below $600. We cover self-employment taxes, income taxes, estimated payments, reporting requirements, and why the 1099-MISC $600 threshold doesn't apply. Read this to understand your tax obligations as a rideshare driver.
This comprehensive guide examines the most important factors rideshare drivers must consider when choosing a vehicle, such as fuel efficiency, reliability, comfort and cargo space. It provides specific examples of recommended models, from hybrid sedans to minivans, that are optimized for rideshare services like Uber and Lyft. Whether you drive part-time or full-time, this guide will help you select the best car to maximize earnings and create a comfortable ride experience for passengers. It explains the benefits of different vehicle features and types so you can make an informed decision when buying your ideal rideshare car.
We are delighted to announce the exciting partnership between Everlance and Oregon REALTORS™! This collaboration brings exclusive benefits to Oregon REALTORS™ members, offering them Everlance Premium Plus at an incredibly discounted rate. Discover how this powerful toolset, including unlimited mileage tracking, automatic expense monitoring, tax deduction finder, VIP Support, and live 1x1 training, empowers real estate professionals for unparalleled success.
As a Shopper or Driver with Shipt, you have the freedom to work when and where you want. But as an independent contractor, you are responsible for reporting your income and expenses and paying taxes on your earnings. Learn how to best prepare for IRS compliance and maximize your take home pay as a Shipt Shopper.
By using Everlance, platforms can help their contractors save money on taxes by accurately tracking expenses and mileage, while also streamlining their own accounting processes. The article provides an overview of the key features of Everlance and explains why it is particularly well-suited for industries with a high number of independent contractors. Additionally, the article includes tips for getting started with an Everlance partnership and highlights success stories from companies that have already partnered with Everlance. Overall, the article is a comprehensive guide for platforms and gig companies looking to improve their expense tracking and boost tax savings for their independent contractors.
Brad Thibeau is the Head of Platform Partnerships at Everlance, focusing on helping self employed people save time and money on their taxes. Previous to Everlance, Brad spent his career at the cross section of tech and finance with key roles at companies like Drizly, CarGurus, and Morgan Stanley. Brad holds a bachelor's degree in Financial Management from Husson University.
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