Harry here. Tax time is over but one thing I learned from all the questions I got is that drivers are still leaving a lot of money on the table when it comes to deductions. Today, RSG senior contributor Christian Perea details a recent night of driving and shows exactly how you can track your deductions and save on taxes using a new 100% free app called Stride Drive.
Seems like everybody these days wants to know how to make more money driving for Uber. But it turns out, one of the easiest ways to make more money without spending more time behind the wheel is to not donate half your paycheck to the government. Taxes may not be super sexy, but if you play the game right, you could owe close to nothing at tax time. In this post, I’m going to show you how using Stride Drive.
You might know some of this already, but stay with me. First off, pretty much anything you spend money on while on the clock is something you can write off – your mileage (this is the biggest one), water bottles and candy for passengers, tolls, parking, your cell phone, your meals, music apps … you get the idea. One little known fact about mileage tracking – not only can you count the miles while you have a passenger in your car, but you can count the miles between passengers too. That’s huge.
Make Every Mile CountDid you know that every 1,000 business miles can generate $535 in tax deductions? Never miss another mile with the new QuickBooks Self-Employed automatic mileage tracker.
Many try and track all these things manually. They find themselves scribbling notes down in a notebook, on the backs of receipts, it gets messy. Others may solely rely on Uber but they will only provide your on-trip mileage at the end of the year. In in this piece, I’m going to talk about my experience using Stride Drive, a free app that simplifies all of this. [Read more…]