Any parking you pay for while working for Shipt is tax-deductible.ĭon’t push it: Traffic violations, speeding tickets, and parking tickets are not deductible, as these occurred because of inappropriate driving and not directly because of work. We understand that sometimes it’s difficult to find a place to park, especially if you drive in the city. Toll fees that you pay while shopping are tax-deductible! Just make sure they're not already being reimbursed to you. You know those insulated bags and blankets that you use to keep food nice and cold? Yep! They are deductible as a business expense.
We recommend going through your phone records for a normal month and look at how much of your data/phone calls occur during work hours, and apply the average to the rest of the year. We understand it might be difficult to estimate how much of your phone usage is for work. But be careful – if you use this for work and personal, you can only deduct the “work percentage.”įor example, if you use your phone for personal 70% of the time, and work 30% of the time, you’d deduct 30% of your phone and related expenses. For example, if you drive for work, a car charger and phone mount are essential and would be deductible.
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Pro Tip: Using the mileage deduction usually means you can deduct more from your business income than you would if you had deducted all of your individual car expenses! Meaning you save more in taxes! You also don’t have to keep track of gas and maintenance receipts in addition to your mileage log.Īs a Shopper, you can’t do your job without a phone, lots of data, and some basic accessories. This includes the cost of maintenance, petrol, car payments, car insurance, and depreciation. You can think of the Standard IRS Mileage Rate as the average cost to use your car for work purposes. Please note, you can’t deduct both gas and mileage at the same time! The IRS standard deduction rate is $.56 for every work mile in 2021. Track Your Miles Automatically with Everlance! This includes miles that you drive to your first delivery pickup, between deliveries, and back home at the end of the day. Self-employed individuals can deduct their non-commuting business mileage.
If you want to maximize your deductions, and therefore maximize the money you keep, read below so you can have a better idea of the types of deductions you can take. While this can seem like more work on the front-end, the good news is that as an independent worker there are lots of business deductions you’re entitled to take! Taking those deductions reduces how much you owe on your taxes and increases how much money you get to keep. Instead, it is up to you to keep track of how much you owe based on what you’ve earned working with Shipt (this is where mileage and expense-tracking apps like Everlance come in handy!). As a Shopper, you’re an independent contractor so Shipt doesn’t automatically withhold taxes from your paycheck.
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