Taxes: How to file and save as a Lyft driver

A central place for you to find your 2021 tax information, learn how to maximize your savings, and access other useful information.

illustration of a car on top of a calendar
Lyft amp icon

How COVID-19 may impact your taxes

Learn about possible tax benefits for self-employed rideshare drivers as a result of COVID-19.


Save on TurboTax

Get your taxes done right and get expert help if you need it. Lyft drivers save up to 50% on TurboTax Self-Employed products (discount varies by Lyft Rewards tier).

IRS Free File

This is a free service provided by the government for individuals who qualify (there are income limitations). We recommend consulting a tax advisor to help you choose the best way to file.

Where to find your forms

The 'Tax Information' tab, in your Driver Dashboard, has all of your tax docs as well as special offers for you.

Your Annual Summary doc screen illustration

Your Annual Summary doc

All drivers receive an annual summary. It includes a breakdown of the number of rides you’ve given, your gross earnings from rides, non-ride earnings (like bonuses), tolls, and mileage info. Learn more.

The 1099-K form image

The 1099-K form

Drivers who earned at least $20k and had 200 total transactions (for ride receipts) from passengers in the past year. Even if you don’t receive the 1099-K, you’ll likely still have to file taxes. Learn more.

The 1099-Misc form image

The 1099-NEC form

Drivers who earned at least $600 from non-driving activities (like referral bonuses, incentives, mentoring) in the past year. Even if you don’t receive the 1099-NEC, you’ll likely still have to file taxes. Learn more.

COVID-19 Tax Help animated image

Master your taxes

Learn how to file like a pro — hear from Lyft drivers and our partners at Everlance. You’ll learn what it means to file as an independent contractor, whether the “standard mileage” or “actual vehicle expenses” deduction is better for you, and which other deductions you may be eligible for.

Additional resources

  • Everlance: Tax Academy for Lyft. Learn how to kick taxes in the butt. See tutorial.

  • TurboTax: Tax Tips for Lyft Drivers: Ridesharing Taxes. Read article.

  • The Rideshare Guy: Ultimate Tax Guide for Uber & Lyft Drivers. Read article.

  • IRS Gig Work: Manage your taxes for gig work. Read article.

  • EITC Outreach: Tax Deductions for Rideshare (Uber and Lyft) Drivers. Read article.

How do you prep for tax season as a driver?

I ensure that I use a third-party app to track all mileage expenses and income. As a former licensed tax professional, I ensure that all of my documentation is in order to give me the peace of mind in the event of an IRS audit.
-Tom, driver in Sioux Falls, SD

What are the top deductions you claim as a driver?

Everything-phone, gas, auto costs such as maintenance and insurance.
-Kelly, driver in Boston MA

What resources or apps help you maximize deductions?

I am old school and use excel spreadsheets for keeping most of my records.
-Billy, driver in Minneapolis, MN

Do you use ‘standard mileage’ or ‘actual expense’ method?

It depends, but generally standard mileage deduction works best.
-Donnie, driver in Boston, MA

What's the best tax tip you've received as a driver?

I believe that understanding the depreciation that happens in a vehicle used for Rideshare is an important part of the deduction process. Many drivers fail to record the depreciation rate while submitting their tax returns.
-Tom, driver in Sioux Falls, SD

What do you wish you knew as a new rideshare driver?

I wish I knew that when filing as an independent contractor that all the information that you keep track of can help you when your trying to receive a refund instead having to owe the government money.
-Sicilian, driver in San Bernardino, CA

Anything else you want to share to help other drivers prepare?

Save their receipts (gas, maintenance, purchases that involve driving for lyft like food or bottled water for customers) and be sure to make the appropriate deductions.
-William, driver in Houston, TX

Frequently Asked Questions

*Lyft does not provide tax advice. We recommend that you consult with an independent tax professional for any tax related questions.