Driving for ridesharing companies has many benefits as you are actually your own boss. However, it also comes with costs such as self-employment taxes. In this article, we will show you how to lower your business taxes using the best mileage tracker app you can find. New ridesharing drivers might not think of it as an important matter, but as an independent contractor, you should always keep track of the miles you drive. The reason is that none of these companies will reimburse you for the usage of your personal vehicle so all the money you spend on everything including car payments, insurance, gas, and maintenance is actually going to be paid out of your pocket. Lucky for you, the IRS allows you to receive some of your taxes back based on the miles you drive or your expenses. This is why you need a good mileage tracking app. The standard IRS mileage rate for business use in 2020 is now 57.5 cents per mile. This means if you drive 100 miles each month, for example, there will be $57....
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