Doordash tax refund reddit. Rent isn't gonna wait for that.
Doordash tax refund reddit DoorDash will file your 1099 tax form with the IRS and relevant state tax authorities. Tax is applied on the taxable income. 273K subscribers in the doordash_drivers community. 60. The irs isn't going after the guy who made 15k in a yea I used HR block last year. I understand you can write off taxes but you won't see any of that money until tax return time once a year. Out of 12,000 earned, this is about 18. Ima be honest, I aint even do my taxes last year or the year before. S. The IRS is now accepting tax returns. And respectfully, based on the questions asked in your post, I would STRONGLY suggest that you get a tax professional to assist you with your taxes. Who Must Pay Estimated Tax? Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed. The IRS is experiencing significant and extended delays in processing - everything. The email address associated with your DoorDash account is incorrect, missing, or unable to receive mail. Total tax would be $2233. If Doordash is a side gig in addition to a regular job, you will add the income from the two jobs together in order to calculate tax. It is unnecessary to pay estimated taxes if: You had no tax liability in the previous year (you did not have to file a tax return or your tax liability was zero); Tax time is approaching! Share your tax tips and tricks in the Helpful tax advice Mega Thread! If you're having any issues with the DoorDash app, please post a screenshot and description of the problem in the Weekly/daily app crash/issues Mega Thread! I am a bot, and this action was performed automatically. However then you can also deduct a portion of your cellphone bill, anything you buy that is strictly for dashing like hot bags, dash cam maybe, if you ever go through any tolls or pay for parking. I did check it out before using, and it's recommended by the IRS (I used their free file look up tool to verify it) Tax time is approaching! Share your tax tips and tricks in the Helpful tax advice Mega Thread! If you're having any issues with the DoorDash app, please post a screenshot and description of the problem in the Weekly/daily app crash/issues Mega Thread! I am a bot, and this action was performed automatically. It's not your tax bill. You’ll need your 1099 tax form to file your taxes. The irs website still has an insert that shows 75% of gig workers pay little to no tax. If your tax liability is over $1,000 and you did not pay estimated taxes then at that point a penalty will be levied against you. Don't post questions related to that here, please. These are the exceptions. April 15, 2025: IRS deadline to file individual tax returns. But when I put my mileage and expenses in. Jan 9, 2025 ยท Get essential info on DoorDash tax forms for 2025! Learn how Dashers can obtain their 1099-NEC and file taxes as independent contractors. Yes, this is a legitimate question. Some deductions can be carried to future tax years, some cannot, that is where an ACCOUNTANT comes in. Nobody can tell you how exactly much you will owe in taxes based on the limited information you provided. Tax time is approaching! Share your tax tips and tricks in the Helpful tax advice Mega Thread! If you're having any issues with the DoorDash app, please post a screenshot and description of the problem in the Weekly/daily app crash/issues Mega Thread! I am a bot, and this action was performed automatically. If you had a 33% tax rate (you don't, this is just for my example), you would pay $1,000 in taxes on that 3,000 of profit. You don’t have to fill anything out. 10% x $0 = $0 in income tax. Whatever the policy is about a stripe account, that has nothing to do with taxes. com I owed 2k last year and that’s after putting my return from my real job towards the tax bill. You haven’t paid any taxes at all on your DoorDash earnings. It's possible, but highly unlikely. Ima do em this year tho lol. Total tax = income tax + self employment tax = $0 + $141 = $141. The temptation to do this type of work is tempting until I calculate that you will be paying about 30% in self employment and Income tax. Assuming you fall into the under 40k tax bracket. It dropped my return down to 6,000$ Your refund doesn't have to do with what you paid in so much as what your tax liability is. Your taxable income would drop to 800 so you'd owe 96$ in taxes. Self employment tax is 15. A: DoorDash is currently calling Dashers to provide information about claiming their free Stripe Express account to get e-delivery of their 2024 DoorDash tax forms. 3%, so $807. If you make 5,000 in total REVENUE from DD, and your mileage deduction is 2,000, you will pay tax on 3,000 of PROFIT. DoorDash has chosen to postal deliver forms to you. I have had to get refunds for missing/incorrect items about 10 times. and International, Federal, State, or local. So for an example, with dead miles and miles between orders, let’s say I make $50k a year, I put in 70-75k miles driven, and with the mileage deduction, I usually can calculate a refund. . To the people that make it seem like the irs will be hunting you down, highly unlikely. A tax refund is a refund on taxes paid, where you paid too much and therefore get a refund. At what point do I get to be "too expensive" for the company and they no longer allow me to order doordash. Federal income tax would be 22% of this, or $1161. You may not owe anything on income taxes if your deduction is high enough, also dependent on taxes paid on your w2. If you have no Tax liability, then your deductions are NIL. Those who use the app and make deliveries are considered independent contractors, and it was my understanding that we put aside money to pay our taxes at the end of the year, until today when I found out that not only do you pay taxes at the end of the year, you also have to pay quarterly taxes. Was expecting a 12,000$ return after claiming everything I made from DoorDash and others. OP has a pretty simple tax return, IMO; any tax software should be able to handle it. So in summary, if I set aside 20% of my Doordash earnings, I should be all set come tax season? Doordash will also send a copy of the 1099 to the IRS. 84. DoorDash will send you that tax form already filled out come tax time. Make sure you track your miles though. Your tax for the year will be based on your total income for the year. You have to plan ahead. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. 6%. You don’t have to pay estimated tax for the current year if you meet ALL THREE of the following conditions. You do not get a tax refund if you have not paid any taxes throughout the year, unless you have almost 0 tax burden and a bunch of credits (and before you ask, no, you do not get tax credits for using your car). Also, since you asked for it, tagging u/codysteil for a detailed example. I've been driving for DoorDash since January 2020. Besides, it is based on your tax bracket, so if you are in the 32% tax Bracket (For example) then your deductions negate any Tax Liable, until it is ZERO. I have ordered doordash over 125 times (yes I got bored and counted). You can either deduct miles drivenor, expenses. Once you've filed, your tax liability is calculated, and your refund is based on total tax liability vs what you actually paid throughout the year and then any tax credits you've qualified for on top of that. It gave me the same refund that turbotax calculated, but for $89 less xD I super-duper recommend it. DoorDash will never request your password or security code, nor will anyone from DoorDash give you a specific password you should use. A tax refund is defined in the name - it refunds you for taxes that you paid throughout the year that you ended up not owing. I think you got a fat tax return cause you are essentially broke. A place for Dashers and non Dashers to hang out, so long as things remain civil. Rent isn't gonna wait for that. The only refund I was going to get was for a W2 job I had 2yrs ago but because I pay my 1099 at the end of the year my refund went towards the tax money I owed working GH/DD for a year. I started taking out much more every check this year so hopefully I will owe very little or actually get a refund. Your actual tax bill will be based on a variety of factors. My state has a tax rate of 5%, so approximately $264. See full list on entrecourier. Yes, I am actually concerned. If you have not received an email from Stripe or a 1099 tax form in the mail, reach out to DoorDash to get a copy of your tax forms. 1099s are independent contractors responsible for tracking all business related income and paying taxes on said income either quarterly or yearly. DoorDash sent me a tax form in January or February 2021 in regard to 2020 taxes. If you made 12,500$ you would essentially owe 0$ in taxes and get a refund for your year's withholding. 44. Welcome to Mumbai's Reddit Community! A subreddit where everyone can come together and discuss and share everything from posts, news articles, events, activities, pictures, hold meetups & overall general stuff related to the city and its surrounding metropolitan area. krnzianahzzcrswvywiccacrfqgkdoqfxyvglzhfgzwemuidjhejz