Other Tax Deductions for Uber Drivers As an Uber driver, you are an independent contractor. Uber and Lyft do not provide a W-2 or withhold federal taxes from your earnings. As a result, you owe taxes when filing your federal income tax return. Taking advantage of tax write-offs for Uber...
Tax Deductions for Uber Eats and Food Delivery Drivers Published on 10 June 2024Uber Eats partners with a wide range of restaurants and fast-food chains, from local independent eateries to well-known chains like McDonald's, KFC, and Subway. Customers can browse the menus of restaurants in...
Uber driver taxes can be a pain if you're not sure what you owe. Know how Uber drivers are classified for taxes and how to get your mileage deduction.
Self-employed workers need to purchase their own health insurance coverage, which can be a big expense. Also, Finding suitablehealth insurance for freelancersor self-employed is crucial for protecting both your health and finances. But if you’re self-employed and have a net profit for the year...
Who Is Eligible to Claim Tax Deductions for Truck Drivers? As of 2025, truck drivers who are classified asindependent contractorsor owner-operators (that is, not employees) are eligible to claim business deductions on their taxes. Additionally, your vehicle must be used for business purposes if ...
As a travel nurse who leaves their home for temporary nursing contracts, you can claim your related out-of-pockettravel expensesfor tax-free reimbursements. This can include transportation, such as planes and car rentals, as well as lodging expenses and meals. If you’re driving, make sure ...
Tax deductions for rental property owners include the amount of market value loss, along with the cost of upkeep and improvement of the property, which is considered part of an income-earning rental business endeavor. Residential rental properties can be depreciated over 27.5 years. The IRS allows...
For senior citizens and retirees, wealth management and protection are essential. One key part of this process is ensuring you make the most of the many available tax deductions for seniors. Along with tax credits and other useful strategies, income tax deductions for seniors can save hundreds or...
The top 25 tax deductions for a small business in the 2025 – 2026 tax year, as outlined in this comprehensivetax deductions cheat sheet, can help business owners lower their income tax bills by claiming all the deductions relevant to their work. These toptax write-offswill help speed up th...
As a real estate agent, you likely have ahome officeas a primary or secondary workspace. If so, you can deduct the costs from your taxes when it’s time to file. You’re allowed to deduct the costs of the entire portion of the home that you use for your work. The current IRS simpl...