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0.000366215499136721 0.0014872833536371 0.00260835120813749 0.00447679763230475 0.00446932384660809 0.00111359406880373 0.00485048691713812 0.00186097263847061
Stock impact report

What Gig Workers And Freelancers Need To Know About Taxes Now [Yahoo! Finance]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
getty The gig economy has changed how taxpayers earn money, turning spare hours into income sources that didn't exist even a decade or so ago. Whether it's driving passengers around town, delivering meals, or selling handmade goods online, gig work provides flexibility and opportunity. But when tax season comes, sorting out what that flexibility looks like on a 1040 can be complicated. That's especially the case with the One Big Beautiful Bill Act (OBBBA), signed into law by President Trump in 2025, which creates some new deductions—but that also means new rules. The gig economy is typically defined as income earned from on-demand work, services, or goods, often using online platforms. Think rideshare drivers for Lyft or Uber, delivery workers for DoorDash, freelancers, online sellers, and even those renting out property. With gig work, there's no employer withholding taxes or Form W-2 at the end of the year. Instead, the burden of tracking, reporting, and paying taxes falls squa Show less Read more
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