Either way, these findings line up with what I am personally seeing as a driver – which is great for drivers as a whole.How Much Does Uber Take From Drivers?Uber deducts a standard service fee for each trip, claiming that the fee is 25% of the total fare. But, when you factor in...
Scott Henderson, Instacart shopper and owner of SimpliFinances, offers a financial tip: track your miles. As an independent contractor, you can deduct mileage expenses from your earnings to decrease your taxes. Another strategy he uses is to pass up on smaller orders. “If an order is small...
In this above scenario, you’d need to deduct your actual vehicle expenses instead of the other option for taxpayers which is to use standard mileage deduction. That rate was set at 65.5 cents per mile in January 2023. You can only claim the miles put on your vehicle while making deliverie...