As some of you may know, every year, Uber & Lyft drivers who make over $600 receive a 1099 which is a contractor's equivalent of a w-2. One of the annoying things about this is that every quarter, you must pay estimated taxes which is based on your previous year's earnings. For many (like myself when I was starting), it is hard to get acclimated towards this new demand from Uncle Sam. Luckily there are applications that can help us with our troubles!
(Click this icon to be directed towards their website to download the application)
While I have used several mileage & expense tracking apps, none compare to Hurdlr. Hurdlr is a great app that combines both your mileage usage and expenses into one easy to use interface that connects directly with H&R Block for when it does come time to file those annoying quarterly estimated taxes. Pretty nifty huh?
What I like most about the app (besides its integration with H&R Block), is the fact that its is very intuitive and can be used by even a basic ride-sharing beginner.
Here are a few screenshots from my personal app.
This is the home page for the tax section, but as you can see, there is a finances tab and a mileage tab. Note that directly from the application, you can go and file your taxes automatically with H&R Block!
You can enter in your W-2 information to help combine your regular job with your part time ride-share income
Expenses automatically appear when you link a bank account. As you can tell, it is very easy to determine which should be counted as a business expense and what should not be. This is the same for mileage, which automatically runs in the background so you never have to worry about missing your miles to deduct
I zeroed everything out for these screenshot, but its amazing how an application can prepare everything for you just be a few clicks of a button every day.
Please note the following dates as they are important for filing your estimated quarterly returns, but if you download Hurdlr, you don't have to worry about it because they already remind you!
For 2017, use the following chart to help you stay on top of your dates
Income Received Dates Tax Due Date
Jan 1st - March 31st April 18th
April 1st - May 31st June 15th
June 1st - Aug 31st Sept 15th
Sept 1st - Dec 31st Jan 15th
If you have any questions for me, let me know in the comment section below!
*** Please note that the owner of this website, nor the author, have not received any compensation for this review and do not intend to in the future. All opinions are the original property of the owner of this website and should not be used without written permission ***