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BTW....64 cents per mile and 9 cents a minute.
Customer wants you to sit 30-45 minutes (9 cents a minute) in the long drive through line coming home from the bar?? Then no tip. Your screwed :D and missing another ride who may tip. There are only so many trips coming home at 2am. You refuse...
They record time online, requested trip time. Pick up time and drop off time.
You may not have seen it but I just added to the post above... The month I was worried about...does not seem to be a worry anymore.
I just looked in May I took in $1192 and drove 1235 UBER miles. 670 deduction...
Got you. Thanks.
I think...as I learn I'll be under that as I don't want to just be turning car equity into cash which is the case during the weekdays. 5.88 an hour vs 17-22 an hour prime weekend time. At that rate you operate at a loss as the MIT study showed. I just looked in May I took in...
There is absolutely a profit just not much. Using the IRS 54 cents a mile about 50 cents of every dollar a bring in will be profit.
I guess with a major repair I could even show a loss using actual costs but I am aware after a few years of losses they frown on it..
Thanks a lot. I've been using TurboTax Self-Employed Online for a few years now. Pretty good.
>>Also, if the earnings from 2018 are higher (indexed for inflation) than earnings used in your retirement comp, then your retirement benefit may increase by a few dollars; if you had more than five...
I misspoke. I meant that Social Security would access an IRS quarterly report... The same way (I think) unemployment finds out if your working while collecting.
Thanks Ron.
I believe at this time I'm going to use the mileage deduction but that could change if I need a major repair. I keep a logbook of miles and it's about 80/20 uber vs personal.
Thanks
adjusterjack
My big concern is Uber submits a quarterly to Social Security, they assume its all...
North Carolina
Hi,
I am taking my social security retirement now under 66 and am allowed to make $17,040 ($1,420 per month) without a penalty.
I have a job 2 days a week where I make $660 a month but I also drive for Uber (I may gross $250 a weekend)
With Uber combined with my job my gross...
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