![]() ![]() Preparing to file taxes and tracking tax deductions For example, if you bike you can deduct the cost of bike repairs and equipment. If you are a food courier, you might have different deductions, like food courier bags, backpacks, and blankets. If you don’t take these deductions, more of your income will be subject to both income and self-employment taxes.ĭue to COVID-19, you may also have Personal Protective Equipment (PPE) expenses like face masks, hand sanitizer, shields, etc. You may also want to deduct other expenses like snacks for passengers, USB chargers/cables, or separate cell phones for driving. Your biggest tax deductions will be costs related to your car. You can deduct common driving expenses, including fees and tolls that Uber and Lyft take out of your pay. As a self-employed worker, tax deductions for business expenses are the best way to prepare an accurate tax return and lower your taxes. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |