Discussion in 'Taxes' started by since05/16, Dec 4, 2017.
The new Tax code, anyone read it?
I have yet to see that said.
Everything I am reading is that since the standard deduction is doubling most folks will not itemize.
Where are you getting information that the mileage write off is gone? NOT TRUE!!!
Yes! The new tax law will affect itemized deductions and income allocations, the mileage deduction is a business deduction and has nothing to do with itemizing.
Dumb me , that’s why you are the pro. Correct the expensing would hit the business net income .... lots of misinformation right now out there ... they need to lock this bill in and set it straight.
I hear the revision will be done in crayon.
It was a question. That's why I used a ?
I am not trying to bring false information. I really don't know how ride share will be affected.
You made it clear Tax pro.
It is a business deduction and stays.
Snopes says a bunch of confusion over one part of new tax plan and a viral (and incorrect) post going around the net... Business deductions are NOT going away.
Welcome back! Where have you been?
One of the effects will be 5% of your income being withheld by uber.
Taxis will get hit with it too, but i'll actually owe money in taxes, most uber drivers won't.
The result will be a pay cut every week, and a refund.
You just made all that up
Ya but one still needs a 23 grade level to understand it.
I suppose the code will be 3 volumes now and another 500 pages of gooblie gook.
The Republicans don't even know half of what they are voting for and how disastrous it will be to the national debt and yearly deficit!!!
That's for personal use, not business use. Personal use as driving to physical therapy, driving to CPA's office etc. Your miles for business use are still tax deductible.
I'm going to go out on a limb and state that with all this new gig economy for driving than don't be surprised to see the standard mileage deduction for business fall to under $.40/mile in the next few years.
Can't see it being anywhere close to the $1.25 trillion/year deficit that we've incurred for the past 8 years.
You forgot the other 98.6% of the voter registered population.
Remember, as Uber drivers we are BUSINESS OWNERS! Exactly the type of people that Trump loves (har, har)! So let's screw the little people and start voting Republican!
Small business tax laws have been virtually untouched for years. Don't be hateful because you jumped into something blind. The tax laws for driving with Uber have been almost exactly the same since Uber's inception in '09. Don't blame others for your own ignorance.
Drive a few extra hours this week so you can buy a sense of humor. : )
If I want humor I just read a few posts on UP.net. It's better than the Spicoli "I Don't Know" scene in Fast Times at Ridgemont High. The sad part though is that I'm laughing and shaking my head at the same time. Not only are most of the posts in this forum asinine, but the grammar and spelling is that of a third grader.
Don't you mean that the "grammar and spelling ARE those of a third grader"?
Separate names with a comma.