Hello,
This year I will be working as an independent contractor for various courier, transportation, and delivery platforms. (e.g. DoorDash, Roadie, GrubHub, Uber, ect.)
I'm trying to get answers about what records I actually need to keep track of for taxes next year.
The following are things I thought of quickly, but I'm sure there's more.
1) Deductible Miles
A) Driving from home to my first pick up?
B) Driving from pick up to drop off?
C) Driving from drop off to next pick up?
D) Driving from last drop off back home?
E) Driving to get food, fuel, car wash?
2) Other Vehicle
A) Car Wash?
B) Fuel?
C) Gas station food or fast food between gigs?
D) Vehicle maintenance or repairs?
3) Other Necessities
A) Phone bill?
B) New phone if needed?
C) Auto insurance?
D) Health insurance?
E) Medical bills?
F) Clothing?
Random Questions
4) Do I need to keep receipts for everything relevant to tax deductions and / or expenses?
5) Will bank statements and a spreadsheet work instead of keeping hundreds of receipts?
6) How do I keep track of and verify miles in case of an audit?
7) How do I make quarterly tax payments?
8 ) How do I know how much to pay quarterly?
9) What % do I need to set aside for federal and state of Wisconsin taxes in 2025?
10) Do I still get the standard deduction if I am an independent contractor?
11) How do I get all my records to TurboTax? (I don't think I'll be doing my own 2025 taxes with TurboTax, and will likely pay more just to have you do it.)
Thank you for the help.
Jake