Christinebitg· Premium Member
The stuff you do for Uber will be reported on Schedule C. You will deduct the cost of your vehicle using mileage, so you need to know the number of miles you put on your vehicle for Uber, and the number of miles total in the year. If you have to pay any tolls, record them too.Can anyone give me advice as to how to handle the income stream from Uber and my social security account? How will my taxes be handled?
If you're only doing Uber X, you probably will have some income from it, but not a lot.
Also, follow the income tax instructions regarding whether you need to pay self-employment tax.
I find it helps if you've already been doing your taxes manually, but that's not a requirement.
I don't know what state you're in. There could be a state tax return affected. I live in Texas, which doesn't have a state income tax.