First and foremost I am NOT, repeat NOT a tax expert. I have to hire help to do my taxes, because well numbers are just not my thing.
BUT I did learn a few things about driving gigs and what you can write off. Also some members here on JC were asking about this so here is some info.
As a driver for Grubhub you can write things off that count as an expense for work such as mileage (SAVE all of your receipts), car usage expenses such as oil changes, basic maintenance, car insurance costs, etc.
Here is how one Grubhub driver broke things down!
Deduction for use of car (mileage): .575 per mile
Deduction for use of car (actual): save all gas receipts, insurance, maintenance, etc.
Most cars are designed to go 400 miles on one tank of gas, no matter the tank size....a little car with better mpg has a smaller tank than a pickup truck.
400 miles x .575 = $230 deduction PER TANK of gas consumed. Subtract the cost of the gas. Let's call it $30 for a fillup from empty. Now you have $200 left in deduction that has not come out of your pocket. That is PER TANK. I drove over 35,000 miles last year for Grubhub. That gives me a deduction worth $20,125 (35,000 * .575) of which I actually spent $2625 ($30 x 88 fillups).
The rest of the deduction accounts for repairs, maintenance, insurance, etc. If you are spending another $18k over gas cost in a year in actual expenses then you need to use a different car. My only extra expenses are more frequent oil changes (monthly instead of quarterly, which is an extra $300 for the year) and I replace tires annually ($800) so my actual expenses on the car would be:
$2625 (gas) + $300 (oil changes) + $800 (tires) + $1200 (insurance) = $4925
The difference for the rest of the deduction ($15k) accounts for wear and tear and eventual replacement of the vehicle. According to this driver The IRS is VERY, VERY generous with the mileage deduction as it is the same for someone in a sedan as it is for someone driving an 18 wheeler.
And, never, ever, ever, ever, ever depend on anyone else to track your mileage. The info that Grubhub gives you is only the mileage from store pickup to drop off. You can write off all mileage that takes place while you are on in the app - including the trip to the restaurant to get food and the trip home after your final delivery.
I hope that helps!!!
Make sure to contact your local tax experts for more guidance and info!
Interested in driving for Grubhub click here to get started
Hi Melissa, I found this site that breaks down Florida taxes - I think this could help!
You can set up payment plan with the IRS. They will generally work with you on a monthly amount you can afford.
I haven't filed for 4 years and tried or i did a non filier but i figure there just going to keep it. Oh well.
Honestly, Pinkk, if you filed in March and still haven't seen it, then you should check the IRS Where's My Refund site. While the IRS is notoriously slow, I've read the average is 21 days, unless there's additional review. Hope the link helps!!
I have gone to that site I filed in June it keeps coming up with we have received your return it’s being processed over and over every time I’ve called says the same thing
I recommend that 1099 employees that have not been compensated and able to find gainful employment contact Governor Greg Abbott’s office via mail or email and file a complaint with the ACLU. Https://www.aclu.org
My daughter filed with my grand daughters and she was supposed to go in to prove her identity and proof of work for her 1099 forms.she never hot to go.Will she be getting any money for herself and my grand daughters?especially at this time when she also needs diapers for two of her babies?
Does anyone have information on how this proposed stimulus package is going to help individuals that are 1099 and not W2 employees? Any info about this will be appreciated and helpful. Thanks! #workfromhome #coronavirus #jobsearch #freelance #selfemployed
@Jennifer Buckley have you contacted your HR department or manager about the question? Most W2s have been sent out already.
By the way it's a good idea for you to fill out your Jobcase profile. As you fill out your profile we're able to better personalize your site experience, when you fill out your work history we're able to send you jobs that match your experience and with a personal profile picture on the site potential employers have a better chance of finding you. Also, a filled out profile on the site automatically creates a professional resume template that you can download and get a head start on creating your own.