Download or read book Tax Tips For Contract Driving Income written by Kate Tallent and published by . This book was released on 2021-08-12 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. This book is the first guide to offer a comprehensive, nuts and bolts overview of the income tax issues facing rideshare and contract delivery drivers. Several very important decisions need to be made at tax time - for example, should you claim Actual Car Expenses or the Standard Mileage Rate? Making an informed decision on this issue, alone, is critical.