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Ryan26

New Member
I am one month in doing uber's eats drove 6000miles made 4500 about 800 in gas/oil..I keep all receipts and daily in and out mileage I avg 150mi-300mi daily..should I keep track differently..and how much taxes should I be paying per 10,000k paid by uber.. thanks!!
 

Ryan26

New Member
  • Thread Starter Thread Starter
  • #3
So 6000x.58 3450 1050 I'd have to pay taxes on basically..
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What if you go through multiple cars...I'm buying 800 -1000 beaters
 

Ryan26

New Member
  • Thread Starter Thread Starter
  • #5
I'm from Chicago and have been making between 200-300 a day in a 800 dollar car ?
 

UberTaxPro

Well-Known Member
Past Sponsor
I am one month in doing uber's eats drove 6000miles made 4500 about 800 in gas/oil..I keep all receipts and daily in and out mileage I avg 150mi-300mi daily..should I keep track differently..and how much taxes should I be paying per 10,000k paid by uber.. thanks!!
Mileage log is the most important thing. A more detailed log showing stops is advised. With $10,000 in income you'll need 17,241 miles or a bit less to pay 0 taxes. .58 x 17,241 = 9,999.99
For a rounded rule of thumb if you're doing almost double the miles to money you'll owe 0 taxes. So for every $100 you make you'll need 173 miles to write that income down to 0.
 

Dekero

Well-Known Member
Mileage log is the most important thing. A more detailed log showing stops is advised. With $10,000 in income you'll need 17,241 miles or a bit less to pay 0 taxes. .58 x 17,241 = 9,999.99
For a rounded rule of thumb if you're doing almost double the miles to money you'll owe 0 taxes. So for every $100 you make you'll need 173 miles to write that income down to 0.
Thank you, that is simple math.. but I never calculated it that way... That really helps. Good looking out
 
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