Eligible drivers will receive 1099 forms by Jan 31. Learn more
Tax season. Simplified.
Keep more money in your pocket. Everything you need for easier-than-ever filing is all right here.
Maximize your deductions
When it comes to deducting car expenses, you have two methods to choose from. Either way, you may still be able to write off some of your operating expenses.
Standard mileage method
This method provides a set rate that covers all your car expenses and doesn’t require you to track expenses or receipts manually. You can deduct 67 cents for every mile you’ve driven with Lyft.
Actual expense method
This method requires you to gather your receipts and add up all you’ve spent on the following costs. The percentage you use for work can be deducted for even more savings.
Gas
Repairs
Maintenance
Car payments
Insurance
Depreciation
Vehicle registration fees and licenses
Common operating expenses
You may be able to write off a portion of the following expenses, regardless of which deduction method you choose.
Wireless plans
Phones and accessories
Parking and tolls
Roadside memberships
Streaming subscriptions
Health insurance
Cleaning supplies
Passenger treats
Simplify mileage and expense tracking
Save time and money with automatic tracking in the Everlance app. All Lyft drivers get 20–60% off Everlance Starter depending on your Lyft Rewards tier, and Elite drivers get free access.
Save on filing
Get exclusive discounts
All Lyft drivers get 25% off TurboTax federal products. Elite and Platinum drivers get 50% off TurboTax Premium and TurboTax Live Premium. Additional state filing charges apply. Terms apply.
IRS Free File
This is a free government service for people who meet qualifying income requirements. A tax advisor can help you choose the best way to file for you.
File with confidence
The documents you need to file taxes will be added to the Tax Center in your Driver Dashboard by January 31. We’ll email you when they’re ready for download.
Annual Summary
All drivers will receive an Annual Summary, with a breakdown of the number of rides and online miles, gross earnings from rides, non-ride earnings, and more. It’s not an official tax document, but it has information to help you file your taxes.
1099-K
If you earned at least $5,000 from ride payments in 2024, you’ll receive this official IRS tax document. The 1099-K shows the total amount passengers paid for the rides you gave in the year. Even if you don’t receive a 1099-K, you may still have to file taxes.
1099-NEC
If you earned $600 or more from non-driving activities, like referral bonuses, incentives, and streak bonuses, you’ll receive this official IRS tax document. Even if you don’t receive a 1099-NEC, you may still have to file taxes.
Questions about form eligibility and where to find your documents? Check out our Help page for more info.
FAQ
Why am I receiving a 1099-K?
Why am I receiving a 1099-K?
What if my tax statement amount doesn’t match my direct deposit amount?
What if my tax statement amount doesn’t match my direct deposit amount?
How do I know what Everlance and TurboTax offers I’m eligible for?
How do I know what Everlance and TurboTax offers I’m eligible for?
Which deduction method should I choose?
Which deduction method should I choose?
When and where can I view my tax information and documents?
When and where can I view my tax information and documents?
Will I get an Annual Summary or a 1099?
Will I get an Annual Summary or a 1099?
Do I need to track my miles as a Lyft driver?
Do I need to track my miles as a Lyft driver?
What if I drive multiple cars with Lyft?
What if I drive multiple cars with Lyft?
Do I need to pay taxes on income I earn from driving?
Do I need to pay taxes on income I earn from driving?
What’s a B Notice and why did I receive one?
What’s a B Notice and why did I receive one?