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The IRS has some strict rules on driving for work. Whether your commuting miles can be written off on your taxes is dependent on many factors and specific instances of your work-related trips. Get the facts in this rule here.
Discover how to file 1099 taxes effortlessly with FreeTaxUSA using your Everlance data. Learn to navigate the complexities of 1099 taxes, maximize deductions, and track expenses for a stress-free tax season.
Discover the top 11 fuel-efficient cars of 2024 that offer exceptional gas mileage, combining eco-friendliness with affordability and advanced features.
Dive into the essentials of claiming your mileage tax deduction for 2024 with our in-depth guide. Covering IRS rules, eligibility criteria, documentation best practices, and calculation methods, this article empowers you to efficiently maximize your tax savings through diligent planning and strategic deductions. Whether you're a seasoned taxpayer or navigating deductions for the first time, learn the nuances of mileage deductions to ensure you're fully leveraging this beneficial tax relief.
Learn everything about DoorDash's Top Dasher requirements and how to enjoy exclusive benefits and maximize your earnings with Everlance
Learn where to find Uber and Lyft inspection locations, including free services and Jiffy Lube options. Get tips for passing your rideshare vehicle inspection with ease.
Discover effective strategies to save on gas in 2024. From driving efficiently to leveraging tech, learn how to cut fuel costs and boost your car's fuel economy.
Explore how DoorDash dashers can use the 2024 IRS Mileage Rate to their advantage, ensuring maximum tax savings and optimizing deductions with the right mileage tracker.
Facing an overwhelming tax bill can be stressful, especially for self-employed individuals. This comprehensive guide demystifies the process of setting up an IRS payment plan, providing you with the knowledge to choose between short-term and long-term options, understand the application process, and successfully manage your plan. Whether you're aiming to minimize penalties or extend your payment period, find out how to tackle your tax obligations with confidence.
Explore top side hustle ideas and jobs from home that can boost your income in 2024. Get pro tips on balancing hustles with full-time work and maximizing your earnings
The Canada Revenue Agency, also referred to as CRA and the Canadian equivalent to the IRS, allows residents to deduct business mileage on a cost per kilometre basis. This is known as the CRA Mileage Rate or the Automobile Allowance Rate, and just like the U.S. Standard Mileage Rate, it is not a fixed value and can vary year to year.
Learn how to reconstruct your mileage log and ensure you don't miss out on valuable tax deductions, even if you forgot to track your miles
Discover how to maximize your tax deductions as an Instacart Shopper with our comprehensive guide. Learn about vehicle expenses, home office deductions, essential shopping gear, and more to reduce your taxable income and boost your earnings.
Get insights on the best mileage tracking practices, top tax deductions for 1099 employees, and an exclusive $24 credit offer to make sure you're getting all of your 1099 tax deductions this tax season
With Amazon Flex and Amazon FBA (Fulfillment by Amazon) increasing in popularity, it's time to level-up your strategy. We have the best tips to help you earn more fast.
This guide is for Lyft drivers—learn about the tax forms you need, how to maximize your tax write-offs, and more. Our goal is to make your tax prep easy and straightforward.
Get ready for the 2024 tax season with our guide on the essential dates you should know. Plus, discover how to streamline your tax preparation process to stay on top of your business
As a self-employed individual, you are responsible for paying taxes on your income. Unlike employees, taxes aren’t automatically taken out of your payments. Instead, you are responsible for setting aside money for your taxes and then paying the IRS.
Maximizing Earnings as an Amazon Flex Driver: Top Tax Deductions You Should Know
The Schedule C is the tax form used for reporting your business' net profit to the IRS. Use this section-by-section guide to fill out your Schedule C and maximize your tax deductions
Learn who must pay quarterly taxes, how to calculate estimated tax payments, and how to stay on track for your next quarterly tax payment.
Real estate agents can save money on taxes by maximizing their deductions. Learn about the top deductions in this article.
As a Dasher, it's important to maximize your tax deductions to keep more money in your pocket at tax time. Read on for the top tax deductions for Dashers in this guide.
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.
Explore the IRS mileage rates for 2023, including rates for business, charity, and medical or moving purposes. Learn how Everlance simplifies tracking your mileage for tax deductions.
This blog post explores the top caregiver apps of 2024, focusing on how they can streamline a caregiver's daily tasks.
This article provides a comprehensive guide for Tesla owners on how to leverage tax deductions, electric vehicle incentives, and rebate programs. It includes a detailed look at the financial benefits available, tips for using a Tesla for business purposes, and how to effectively track business mileage with Everlance. The piece aims to help Tesla owners maximize their savings and enhance their driving experience.
Learn how the IRS determines mileage rates annually, review historical rates, and see what the 2024 standard mileage deduction is for drivers.
Learn the ins and outs of the 2024 IRS Mileage Rate for Lyft drivers. Maximize your earnings with the best mileage tracker—Everlance
Explore the intricacies of the 2024 IRS Mileage Rate for electric vehicles. From calculating reimbursements to understanding tax deductions, this guide covers essential insights for EV drivers
Discover the best strategies for self-employed individuals to navigate state income taxes across the U.S.
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.
Discover the best vehicles for ridesharing with our comprehensive guide. Learn what makes a car ideal for Uber or Lyft, from fuel efficiency and interior comfort to maintenance costs. Find out how to choose a vehicle that maximizes earnings and enhances passenger experience
Taxes can be a pain when you're busy saving lives. Check out this list of tax deductions for nurses and other healthcare professionals and check "saving money on taxes" off your to-do list.
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.
Are you curious about the states with the highest and lowest income tax? Well, we've got the facts on these states. Except for specific individuals who are exempt, the majority of us have to pay federal income taxes. What we pay is based on our yearly income, which determines the tax bracket we fall under. In addition, you may also have to pay state income taxes. The amount you pay in state income tax is dependent on where you live, with state tax rates ranging from zero to 13.3 percent.
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.
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
Every year like clockwork Federal taxes are due. In 2024 it will be no different. The taxes for the previous year (2023) will be due on April 18th, 2024 and millions of Americans will be left wondering one thing - where's my tax refund?
Brad Thibeau is the Head of Platform Partnerships at Everlance, and has held that role since 2021, with a focus on helping self employed people save time and money on their taxes.
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