pennyboosters

Guides / Taxes and paperwork

Track mileage and expenses from day one

Good records lower your tax bill and show what's worth it.

5 min read

Records are the difference between guessing and knowing, at tax time and when deciding which gigs to keep.

Keep

  • A mileage log: date, purpose, start and end odometer readings
  • Receipts for supplies, equipment and fees
  • A record of all income by platform or client
  • Hours worked, including waiting time

Make it easy

  • Use a separate bank account for side income and expenses
  • Photograph receipts right away
  • Update your tracker once a week

Mileage

For business driving, you can generally deduct either the IRS standard mileage rate or actual car costs. The rate changes each year; check IRS.gov.

General information, not tax advice. Penny Boosters isn't paid by any gig app or platform.