Solved: Driving lyft while unemployed and looking for a job, is that considered as self employed even if this was a brief part time situation. How does this affect purchase of a policy under covered Californi
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joaquintaxes17
New Member

Driving lyft while unemployed and looking for a job, is that considered as self employed even if this was a brief part time situation. How does this affect purchase of a policy under covered Californi

Will this also affect tax credits?
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Accepted Solutions
CarolynM
Level 1

Driving lyft while unemployed and looking for a job, is that considered as self employed even if this was a brief part time situation. How does this affect purchase of a policy under covered Californi

Yes, driving for Lyft is consider self-employment, even if brief and part time. 

All income earned beyond a W-2 is considered self employment; if your income was greater than $400, it needs to be reported on your federal tax return.

The net income, after expenses are deducted, is income that is considered for tax credits, such as the Earned Income Credit and should be reported when purchasing health insurance.

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CarolynM
Level 1

Driving lyft while unemployed and looking for a job, is that considered as self employed even if this was a brief part time situation. How does this affect purchase of a policy under covered Californi

Yes, driving for Lyft is consider self-employment, even if brief and part time. 

All income earned beyond a W-2 is considered self employment; if your income was greater than $400, it needs to be reported on your federal tax return.

The net income, after expenses are deducted, is income that is considered for tax credits, such as the Earned Income Credit and should be reported when purchasing health insurance.

View solution in original post

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