Tax season is right around the corner. We’ll email every driver an annual summary in January, along with a 1099 form for drivers who qualified. (If you requested a physical version, we’ll put it in the mail on Feb. 1.) Here’s how you can start getting organized.
How Tax Forms Work
- Form 1099-K: Drivers who gave at least 200 rides and generated at least $20,000 in gross ride receipts from passengers in the past year.
- Form 1099-MISC: Drivers who earned at least $600 from non-driving activities (e.g., referral bonuses, Mentoring, other bonuses) in the past year.
Whether or not you receive a form, we’ll provide a summary in the Dashboard with your yearly driver stats, including number of rides, gross earnings from rides, non-ride earnings, and miles driven while in driver mode.
Your Tax Timeline
Get Help From Intuit
Accelerate, our driver rewards program, has partnered with Intuit’s tax experts to make it easy and affordable. Visit Intuit’s landing page to get a free 30-day trial of QuickBooks Self-Employed, plus 50% off your first 12 months. If you’re planning to file quarterly estimated taxes, Intuit can also help you organize your business income, expenses, and mileage tracking.
Look Forward to 2016
Intuit and Lyft have also teamed up to launch a tax-season sweepstakes in the new year — and a Prius is the grand prize. (Stay tuned for the details.)
Remember, not everyone qualifies for a 1099 from Lyft. Want more info about tax form eligibility? Head to the Help Center.