Hi @SK34 The ride share driving is considered self employed income. You will need to pay SE taxes on this income.
When you’re self-employed you are responsible for paying your full share of Social Security taxes and Medicare taxes on the net profit of your business. Your self-employment tax is calculated on Form SE and reported in the “other taxes” section of your Form 1040.
You can write off the start up expenses associated with the new business. Here is a link that discusses this in more detail.
https://www.irs.gov/publications/p535
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