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Will YOU Really Benefit From 'No Tax On Tips' As An Uber Driver?
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Will YOU Really Benefit From 'No Tax On Tips' As An Uber Driver?
In this video, Chris from The Rideshare Guy explains what the new “No Tax on Tips” law actually means for rideshare and delivery drivers — and whether it really impacts your earnings.
If you’ve heard the news and thought this could save you big at tax time, Chris breaks down how the law works, what Uber and Lyft did to include independent contractors in the legislation, and why it might not be as big a benefit for drivers as it seems.
Chris walks you through how mileage deductions already offset much of your tax liability, why delivery drivers might benefit more than rideshare drivers, and why working with a CPA this year is more important than ever.
The video also highlights key tax changes coming in 2025 and how to plan ahead to make the most of your deductions.
If you want to understand how the no-tax-on-tips law really affects drivers — and how to prepare — this video is worth watching.
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