Simply download TripLog on iOS or Android and get started tracking your mileage in minutes! Amazon Flex Mileage Tracking Tip #2: Use a Mileage Deduction Calculator To See How Much You Can Saveįor drivers who want to know exactly how much they saved in taxes in a given month, week, or down to the individual trip, try our mileage deduction and reimbursement calculator. If you want to maximize your tax savings, you will need to download a separate mileage tracking app. Does Amazon Flex Track Mileage?Ĭurrently, the official Amazon Flex app (often referred to as the “Rabbit”) does not have a built-in mileage tracking method. Each of these options makes use of the vehicle’s existing Bluetooth capability. Options include MagicTrip, which allows drivers to simply get into their vehicles and begin driving, as well as the new TripLog Drive, which increases tracking accuracy and reliability. Amazon Flex Mileage Tracking Tip #1: Find the Mileage Tracking Method That’s Right for YouĪmazon Flex drivers can choose from up to six different mileage tracking options when using TripLog. Here are some of the best ways using a mileage tracker app can help Amazon Flex drivers save time and money. To do so properly, you’ll want to use a powerful mileage tracker app like TripLog. This means that Flex drivers can deduct and save thousands of dollars on their taxes every year! Like any independent contractor, such as Uber or Lyft drivers, those working through Flex use their own vehicles. Shifts are available in blocks of 3- and 6-hour increments. Like many in the gig economy, Amazon Flex offers drivers the ability to become an Amazon delivery partner.ĭrivers can set their own hours, picking up packages from an Amazon delivery station and delivering them to customers. There is an exception: with leased cars, you have to use whatever method you choose the first year for the duration of the lease period.Amazon has been a boon over the last several years, offering Amazon FBA (Fulfilment by Amazon) and Amazon Flex. If you are not sure whether your actual expenses will be more or less than the standard deduction, you can reach out to FlyFin CPAs for an answer from an expert. If you think your actual expenses will be more in future, you can choose it in the next year’s filing. So it may be better to choose the standard expense deduction method in the first year and then compare your actual expenses with that amount. But if you use actual expenses the first year, you must continue to use actual car expenses for as long as you use that vehicle for work.įor example, if you bought a brand new Ford Transit for your freelance delivery work, and you choose to go for the actual expense method the first year you use the car, you can’t switch back to the standard deduction method the next year. If you use the standard mileage method in your first year, you can choose whether to use the actual car expenses or standard mileage in the future. Then, take total car expenses multiplied by percentage of deduction. Next, you need to multiply that percentage by your total car expenses. To figure out the amount of your deduction under the actual expenses method, you need to find out how much of all the driving you did that year was for work.To calculate, first take your business miles and divide them by your total miles to arrive at the percentage of deduction. However, the depreciation must have happened while you were using the car for business purposes. It’s because the IRS allows you to deduct the depreciation cost of your car from your taxable income. You can write off your car payments, and if you purchased it a few years ago, then you may even write off a portion of the car's original cost. Qualified car expenses for this purpose include the following: Here, the challenge for you is to track all of your driving expenses yourself, and it requires you to keep accurate records. The actual expenses method is slightly more advanced, as it helps you deduct a percentage of all your car-related expenses.
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