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It depends, you can drive and earn as much as you want. The more you drive, the more you’ll make. You may contact Uber directly to find out what their average rate is for your area and state.
As far as taxes are concerned, you are considered self-employed (independent contractor), and may owe regular income tax and self employment taxes (social security and medicare) on your net income.You may be able to deduct the expenses since you have to report ALL your income and expenses as business income and expenses in Schedule C.
It depends, you can drive and earn as much as you want. The more you drive, the more you’ll make. You may contact Uber directly to find out what their average rate is for your area and state.
As far as taxes are concerned, you are considered self-employed (independent contractor), and may owe regular income tax and self employment taxes (social security and medicare) on your net income.You may be able to deduct the expenses since you have to report ALL your income and expenses as business income and expenses in Schedule C.
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