This guy is so informative

@owenlindstrom

Жыл бұрын

That's the goal!

It’s 62c per mile now . I pay very little in taxes. It’s the most common misconception.

@ibinshootin2427

Жыл бұрын

How much do you pay ,im a young guy beginning to do Ubereats with no help on taxes information and I do not want to go to jail 😂

@icey2203

Жыл бұрын

@@ibinshootin2427just set aside 30% and look into righting off gas and miles. You should honestly have a good amount of money left at the end of the tax year.

@Servant_of_Yeshua96

11 ай бұрын

@@icey2203how does that work? We set aside 30% of our earnings? That’s a lot of you’re trying to pay bills.

Just to let everyone know, the irs may have changed standard mileage to 62.5c/mile

@VeinySausage

Жыл бұрын

Might end up saving a little money but not much

@magnoliamo7004

8 ай бұрын

⁠@@VeinySausage”not much” bro I usually use 100 mi of my tank when dashing for 3 - 3 1/2 hrs. That’s (.50 x 100= $50) a day! So say , for instance, I dash 3 times a week that’s $150 a week in tax money back I could claim. You’re tripping!

@andrewbrann6231

7 ай бұрын

​@@magnoliamo7004man I need help because I've dash from September until the end of the year and I didn't keep track of my mileage. I'm guessing it's about the same as you about 50 to 60 mi a day for about 4 hours a day sometimes 6 hours. Is it too late for me to claim anything if I didn't keep up with it?what do I do?

@deadeverywhere

6 ай бұрын

@@magnoliamo7004any tips? what apps do u use?my third or 4th year delivering and always get fkd by the taxes 😂 🤦

@deadeverywhere

6 ай бұрын

@@magnoliamo7004and i drive bout the same or more

This is what you should do : inflate the mileage without over exaggerating, and deduct all the cleaning equipment, a good portion of your cellphone bill, and anything that’s remotely related to your work.

@nodak81

Жыл бұрын

Yeah and when you get audited (which is much more likely for 1099 filers) and they discover your fraud. You'll have a very bad day.

@ethanhedden1874

Жыл бұрын

​@@nodak81 they litteraly aren't concerned with a random person who stole 200 bucks from the government 😂 You're delusional if you think a random 1099 worker is gonna get audited for doing minor stuff

@mycelia_ow

Жыл бұрын

​@@nodak81 That's why you consult an accountant

@mycelia_ow

Жыл бұрын

​@@ethanhedden1874 you clearly don't know the IRS the.

@Hike_and_Yap

Жыл бұрын

Nice you just recommend tax fraud

Ain’t saving 30% for shit I’m writing every cent off

I used Everlance for tracking mileage for doordash Anna amazon flex. I paid zero tax in 2021.

@TayJohnson23

Жыл бұрын

Will IRS do anything if I don’t pay? Is it necessary

@Ryan-qb8rz

Жыл бұрын

You paid 0 tax because you barely made any money

Gridwise is the best imo. It tracks, reminds you of you forget to end a shift and lets you know when sports and events happen giving you a heads up on how traffic might be in that area

@gwapog5739

10 ай бұрын

Hey I’m actually using that app and I think I’m confused I turned the app on when I clicked in but I don’t think it got any of my miles or money it made me manuallly put it in

Wear and tear on the car must be a killer.

Taxes in the US are so complicated.

What about deducting a percentage of your auto insurance (business use), fuel, office supplies (snacks & beverages while on the go), repairs & maintenance of your 'business vehicle', etc. and everything else that's listed on Schedule C?... It's not how much you make, but how much you keep that counts.

I just keep a log book. Write down my mileage when I leave the house and again when I return. Standard deduction might not save you the most money but it's SO much easier to manage. I don't even bother making tax payments through the year, I just pay the small late payment fee when I file for the year.

I don’t track the deduction I just print bank statement and show how much I pay in gas repair and car value

@chrispyy99

8 ай бұрын

Hi can you elaborate what you mean by car value? And do you include all you banking statements and let them go through it? Or do you only include the transactions related to the work expenses and income. Asking for myself who has just started and doesnt want to go to jail! 🙏

@LivinwithPat

8 ай бұрын

car value by how much miles u done. repairs maintenance gas etc. tbh u don't need an LLC but it does help bc doing uber is ur own business. enjoy ur experience. make sure to register ur car with ur insurance but when getting cars tell them u will put 9k miles per year for longest term, if possible pay it off or find 0% apr.@@chrispyy99

@charlierose1708

6 ай бұрын

​@@chrispyy99don't send them anything they actually don't require proof of any deductions

I guess im just not in the right market cus its hard to make 15 bux an hour let alone what he just said 8 hours 200 bux shhitt

For Uber eats legal agreement if you do less than part-time and you make a little bit of extra cash, you don’t have to do your taxes. If you start part time if you wanna go full-time another option that you have to do your taxes another way.

Uber eats and DoorDash provide u with mileage when taxes are do!

@PaTsFaN881

Жыл бұрын

So no need to keep track? I just started doing door dash

@noeb5250

Жыл бұрын

@@PaTsFaN881 my experience with Uber and DoorDash is that they provide you with the active mileage at the end of January or the beginning of February

@icey2203

Жыл бұрын

@@noeb5250really? On the app or where do I find this? I have been doing it for a while and haven’t tried to keep up until now. Would love to get all those miles back.

I quit warehouse job and have been doing a lot of orders makin like 80-100 a day. Am I going to have to pay a lot in taxes ?

@owenlindstrom

Жыл бұрын

Just save 30% and assume it's gone to taxes. As long as you track your miles 30% should be a lot more than you need and whatever you have left is a happy little bonus

@lavi7521

Жыл бұрын

@@owenlindstrom and put that 30% in a separate account??

@cheffreycthomas

Жыл бұрын

@@lavi7521 yep

@slide352

Жыл бұрын

@@owenlindstrom the quarterly taxes and all the different forms are confusing the hell out of me

@NeanderthalDogma

Жыл бұрын

Not too much but save 20% atleast

Just save $600 each quarter for taxes.

@owenlindstrom

Жыл бұрын

This is actually pretty solid advice 👆

@charlierose1708

6 ай бұрын

😂 that's not nearly enough

Do they automatically send you a 1099 or report to the IRS?

@Pisqe

9 ай бұрын

Both

Where would I be able to actually do my taxes and itemized deductions? TurboTax? Or personal financier

What do you guys think about the Solo app for tracking mileage and proper irs complaint information?

alot more than 56cents now

such a hard worker❤

Ngl it sounds like this sort of job isn't as difficult as it seems on the surface.

Commenting to save this video.

does this only count for miles during deliveries or any miles at all during your dash?

I'm mad you put the bag on a chair took out the food and then put it not on the chair🤣🤣🤣🤣

I didn't keep up with my mileage at all I'm guessing it was at least 50 mi a day. Is it too late for me to claim mileage when I do my taxes if I didn't keep up with my exact mileage?

what about health insurance? do you get slammed hard when doing your taxes

Each quarter, you can pay taxes via the estimated tax for.

@D_Doc

Жыл бұрын

Form not for.

Hey quick question do I have to file for taxes even if I haven’t made more than 14,000 in income ? Because I just started and have less than that earned? ! Pls help me out

If you buy enough rrsps or mutual funds you don't have to pay any taxes.

Can you make a video on the proper car insurance you need that'll cover this kind of work?

@Bhamloud47

Жыл бұрын

You basically have to lie to your insurance carrier. Commercial insurance is what you really need and it way too much and traditional insurance will not cover you were they to find out. This guy sugar coats it all. Leaving out you’re on the hook for 15.2 percent fica (traditional employers match what you pay so independent contractors pay double). If you’re making 30k+ a year doing this 30% is probably underestimating what tax you’ll owe ever after deductions. He also glosses over the fact that you’re putting 3-4x the average mileage on a car if you do it that much so you really need to factor in a significant percentage of the cost of the car or payments to be anywhere near accurate. Hey, I’m not against doordash. It can be a great way to make some side cash, but guys like this significantly underestimate their overall costs to do it full time and thus significantly overestimate what they actually make doing it. It’s not a great full time gig by any means and you’d be better off working a traditional job.

Is that 30% taxed after calculating milage deduction or 30 % beforecounting the deduction

@StoneRox1

Жыл бұрын

Before, but it’s still very good to save that 30% as always. For any mishaps or anything that could somehow happen. And if u write most of it off, well u have a ton of money in savings u can use as more “tax refund”.

“For legal reasons”

Don't know if I did my taxes right. Used freetaxusa and I only made 1,218$ in income. Also deducted miles and it says I owe 0. First time doing them so I hope thats accurate.. You'd think you'd learn this in school..

Or just evade taxes

Im using driversnote and its free app for tracking miles is that good to use im only going to be dashing once or twice a week to be making extra money please get back as soon as you can man thank you .

@owenlindstrom

Жыл бұрын

Yeah as long as it tracks accurately you're good

Uber always tells me I made too little to give me a income report idk

I rented a Tesla through Uber for 7 weeks. It ended up costing me 3549.70 I made 6600. So I really only made 2100. Can I write off the entire rental expense? -

If u drove 11,000 miles that’s like $6,000, so that probably covers a large portion of the taxes

@owenlindstrom

Жыл бұрын

It does. I think I paid 11% if I remember right

@Servant_of_Yeshua96

11 ай бұрын

@@owenlindstromthis tax stuff confuses me.

@Trestg.40

8 ай бұрын

Nah fr I have 5,000 how much is that ca ?

Doordash and Uber Eats don’t track your miles?

@owenlindstrom

Жыл бұрын

They do but I would track them too to make sure they are accurate

@christophermontanez580

Жыл бұрын

They don’t you’re a self employed

@iR3dyOfficial

Жыл бұрын

@@owenlindstrom my app doesn't show my mileage

@slide352

Жыл бұрын

Many drivers don’t start from home, but drive to a busy area first. Uber won’t track the to and from mileage, but you can since it’s also deductible

@mycelia_ow

Жыл бұрын

​@@iR3dyOfficial they track it internally, and don't tell you about it.

No taxes under 18k

$18k in 90 days is INSANE... maybe i need to door dash again 🤔

@TheLastESPADAx0

6 ай бұрын

It's 200 a day. He works prob 8 to 12hts plus every day. And that's before expenses. Its not much money at all

Legal reasons???

@owenlindstrom

Жыл бұрын

😂 it's just a disclaimer. I don't think I'll be liable for anything but you always have to put that ahead of any tax "advice"

something that should get people scared to do doordash is the pitiful money they’ll make.

@investa9772

Жыл бұрын

@@BandicootGames32X how much bro im starting tmrw

We don't make shit bro. Our expenses are wayyy more than taxes. Theres no point in even filing. Also Uber sent me a fraudulent 1099. They said I made $41,000. Not even close . I made less than 30k. No way bro. I'm not ever filing. Ever.

Fk door dash

Wait what for legal reasons? Yeah I called this bullshit.

Please stop breathing in before speaking on the mic

@shabazalikhan520

Жыл бұрын

Ok

@edgar_investor

Жыл бұрын

...

@nala3038

Жыл бұрын

Really man 🤦‍♀️

@shadi3236

Жыл бұрын

Don't watch

@oucimarlozano2384

Жыл бұрын

If you have not to add , shut up

Weird how you work DoorDash and trying to work it up like it’s not just DoorDash. It’s not a complicated thing, why are you trying to make it your personality? What do you do for work: drive a car for DoorDash What you do in free time: make videos about driving a car for DoorDash

@enb3810

Жыл бұрын

Damn bro who asked

@dr.burrito2693

Жыл бұрын

Who asked bruh

@PlayhouseatGigis

Жыл бұрын

Pretty smart actually. Delivers for Doordash & made &200 in a day & also made a video for KZread - which can also be monitized

Taxes joined the chat 🤡