Whether you deliver for Uber Eats and others as a side hustle, or it’s one of your main sources of income, there always comes a time when you have to address that elephant in the room: What about taxes? If it’s tax season, maybe you’re getting a bit uneasy. Or maybe it’s just time to …
Taxes are tricky enough. Calculating your taxes from Doordash and other gig work earnings can really make your head spin. It’s hard enough that you’re on your own, with no one withholding earnings from your Doordash earnings like what happens with a W2 job. To top it all off, there is no easy answer to …
How do 1099 taxes work for Doordash delivery drivers? Because Dashers are self-employed independent contractors, Doordash taxes are small business taxes. That’s both good news and bad news. It’s good news because you can write off expenses more easily than if you were an employee. It’s bad news because you’re on your own, meaning you …
Is delivering for gig economy apps like Doordash, Uber Eats, Instacart and others a good way to pay down debt and complete the baby steps on the Dave Ramsey program? What about doing rideshare for Uber or Lyft? While it can be a great way to make some extra money, delivery gigs can have some …
The term “quarterly taxes” causes some confusion. There is no additional quarterly tax for Doordash delivery drivers. However, if you deliver for Doordash, you may need to make quarterly tax payments. Dashers are independent contractors and not employees. You deliver for Doordash as a business, meaning you are on your own regarding taxes. Doordash does …
What is Self-Employment tax and why are Dashers being charged an extra tax for being independent contractors? At some point, you’re wondering, “do you have to pay taxes for Doordash?” There might be a bit of a shock to find out, not only do you have income tax for Dashing, but there’s this thing called …
Doordash does not track miles for you when you deliver for them. They may provide you with an estimate of your total miles driven at the end of the year. However, that estimate doesn’t meet IRS documentation requirements. Why is this important? As an independent contractor, business expenses serve as write-offs for Doordash Dashers. For …
Doordash drivers need to set enough money aside to cover income tax (starting at 10%), self-employment tax (15.3%), and any state or local taxes incurred due to their earnings. But there’s more to it than that. Independent contractor taxes can be a bit more involved. To help get a feel for what to save, we’ll …
When things get worse with all of the major delivery companies, are there better options for independent contractors? There are several alternatives to Doordash, Uber Eats, Grubhub, and Instacart. However, in my years of experience, I found that it’s better to look at them as additional opportunities rather than alternatives. Rather than replacing the major …
How much should I tip on Doordash? Is $5.00 enough? Is it too little? Are Dashers expecting too much? A video recently went viral when a Doordash driver cussed out a customer because their five dollar tip was too low. That has sparked a discussion about how much is enough and whether Dashers are too …
The matchup has been set. The Eagles and the Chiefs. Like every year, millions will gather around their TV’s to watch the most popular television event in the United States. Nearly 100 million people will watch the SuperBowl. Only the World Cup final draws more viewers worldwide, though US viewership falls well below the numbers …
Does Grubhub take taxes out for you as a delivery contractor? They do not. The critical thing to remember is that you’re an independent contractor, not an employee. You provide services for Grubhub as a business, making you responsible for your own taxes. If you’re not careful, this could leave you in a bind at …
Is it a good or bad idea to deliver for Grubhub, Doordash, Uber Eats, or others during a holiday like Christmas? Can I make money Dashing through the holidays? Should I do it? There’s no right or wrong answer to this. It all boils down to making personal and business decisions for yourself. Your market …
What can you write off for your taxes as an Uber Eats independent contractor? Other than mileage or car expenses, what else is there? Independent contractor status allows you to deduct business expenses. Missing legitimate deductions hurts your pocketbook, as you pay more than you have to. However, if you claim things that aren’t allowed, …
I wrote this out preparing to leave my comments for the Department of Labor on their proposed new rule about independent contractors. I had to shorten my actual comments due to the character limit, but here’s the gist. You can leave comments until December 13 at https://www.regulations.gov/commenton/WHD-2022-0003-0001 To the Department of Labor: For several years …