Tax Tips: How to Use Your Side Hustle to Write Off Car Fees

Working as a rideshare driver for such companies as Lyft or Uber can be a great way to earn extra cash as a side hustle. In addition to making your own hours (and quick bucks), being a rideshare driver also comes with an extra benefit that’s easy to overlook: tax deductions for your own car. Filing Taxes as an Independent Contractor Holding down a side hustle like rideshare driver renders you “self-employed” in the eyes of the IRS, allowing you to deduct business expenses when you file come tax season. A ...