What happens if your milage expense is more than the taxable income you make from doordashing?
say I made 50 dollars from a shift and my milage expense was 15 dollars. Does this mean I won't be taxed at all?
- STEVEN FLv 74 weeks ago
You hire a tax professional to PROPERLY compute your tax liability. It is MATHEMATICALLY IMPOSSIBLE for what you claim to be true.
- Coffee DrinkerLv 71 month ago
Um, you earned 50 and had 15 worth of mileage, then you have $35 of taxable net profit.
If your expenses are actually greater than your earnings then you'd have $0 net profit (or a negative profit which is a loss).
But you aren't taxed per shift. At the end of the year you will report all of your earnings and all of your expenses and pay tax on the net profit.
- StephenWeinsteinLv 71 month ago
You tax is based on the totals for the year, not on individual shifts. If your expense for the year was more than your doordash income for the year, then you wouldn't pay tax on your doordash income. You might pay some tax on other income.
- mercedesLv 71 month ago
You learn that flipping burgers for minimum wage is a better deal than Door Dash is giving you even on a good day.
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- SlickterpLv 71 month ago
Your mileage expenses and income are totals for the year, not per shift.
- NALv 71 month ago
If you made $50 and had $15 of expenses, you would have income of $35 and would be taxes on it. If you make more than $400 in a year, you would owe self-employment tax in addition to income tax.
If you made $15 and had $50 of expenses, you would have a loss of $35.
- Anonymous1 month ago
$15 is less than $50. Work on your math.