Today we have a guest post from QuickBooks Self-Employed with more information on what to do in 2018 after the passage of the Tax Cuts and Jobs Act. The good news is that most drivers will end up paying less in federal taxes this year IF they take advantage of the right deductions. Right now, you can get a 30 Day free trial of QuickBooks Self-Employed and then 50% off for the next six months afterwards.
What’s New In Rideshare Taxes For 2018?
The 2018 Tax Cuts and Jobs Act brought on many major changes to both business and personal income taxes. Rideshare drivers are affected mostly by the business changes since driving for apps like Lyft and Uber is treated as independent contractor work.
Here’s what you need to know if you’re currently a rideshare driver or are thinking about driving to earn some extra cash.