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The government expects a cut of your Uber or Lyft earnings. Fortunately, there are a number of tax deductions you can take advantage of to reduce how much you owe.Image source: Getty Images.
Follow these tips to report your Uber driver income accurately and minimize your taxes. Understanding your Uber 1099s As far as Uber is concerned, Tax tips for Uber driver-partners: Understanding ...
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The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Pub. L. 111–312 (text), H.R. 4853, 124 Stat. 3296, enacted December 17, 2010), also known as the 2010 Tax Relief Act, was passed by the United States Congress on December 16, 2010, and signed into law by President Barack Obama on December 17, 2010. [2]
The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. [3] The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.
The Circuit Breaker Tax Credit is managed by the state government, offering a credit against the state income tax to individuals who are 65 or older and own or rent residential property in Massachusetts. This credit is calculated by the excess of the combined payment for real estate taxes and half of the water and sewer bills over 10% of the ...
"I've calculated that Uber and Lyft took at least $25,000 from my pay that they shouldn't have in the form of sales tax and the Black Car Fund surcharge," says New York Taxi Workers Alliance ...
Pub. L. 105–34 (text), Taxpayer Relief Act of 1997; Pub.L. 105-34, Taxpayer Relief Act of 1997 (readable online) H.R. 2014, Taxpayer Relief Act of 1997; 105th Congress / House / 1st session / Vote 350 final vote results on H R 2014: Revenue Reconciliation Act of 1997, by various groups and by individuals, from the Washington Post
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