Use a mileage tracking app to automatically log every work-related mile.
Choose wisely between these two methods. If you drive a lot (30,000+ miles/year) or have a newer car, actual expenses might save you more.
Don't miss out on other write-offs! Quick tip: Parking, tolls, car washes, and even a portion of your phone bill are deductible business expenses.
Driving an EV? You're in luck! Quick tip: You might qualify for additional tax credits and incentives, including charging station installation deductions.
Expect 1099-K and 1099-NEC forms, not a W-2. Quick tip: Report all income on Schedule C, even if you don't receive a 1099 for some earnings.
Contact Akron Income Tax Co. today for expert guidance on maximizing your gig driver deductions and minimizing your tax bill.