The day none of us want to think about is steadily approaching Tax Day 2025.
After all, in many cases, youre consideredindependent contractors not employees.
One possible reason for confusion?
Line 1 of the 1099-NEC form is where you should see your compensation. Chris Zuppa/The Penny Hoarder
Regardless, any companies you contracted have an IRS-stipulated deadline to file these forms:Jan. 31.
But the flexible money-making opportunities dont stop there.
But given the shift, it is worth evaluating depending on the kind of gig work you did.
If you work across multiple apps, its possible you will receive a 1099 from each company.
Many companies previously used the 1099 MISC (Box 7) to report this income.
If youre an independent contractor who used to receive that form, youll likely now receive this one instead.
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The 1099-K formis another common form sent to gig workers.
Previously, workers had to meet certain thresholds to receive this form (ie.
But just like the 1099-NEC, these companies have until Jan. 31 to file the form.
Reporting thresholds have changed from year to year for this form.
In 2024, third-party settlement organizations, i.e.
payment services, arerequired to report transactionsfor goods or services where the total payments were more than $5,000.
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Each company has slightly different tax policies and may offer discounts for different tax-filing software services.
Heres how they stack up.
DoorDash
DoorDash partners with Stripe.
According to the company, your 1099-NEC form will be available viaStripe e-deliverystarting Jan. 31. Review DoorDashstax FAQfor more information.
If you havent received your 1099-NEC or your mileage information,contact DoorDash customer support.
Who:Gig workers who earned more than $600 the previous calendar year.
How:Electronic form available via app.
Instacart
Much like DoorDash, Instacart had previously partnered withStripeto provide tax forms to its contractors.
But since 2023, that partnership isno longer in place.
This site is locked and available to shoppers only.
Who:Instacart shoppers who earned more than $600 the previous calendar year.
How:Electronic form.
VisitGrubhubs taxes FAQfor more information.
Who:Grubhub drivers who earned more than $600 the previous calendar year.
How:Electronic form on app.
All Lyft drivers receive 25% off TurboTax federal filing products.
Elite and Platinum drivers even get 50% off TurboTax Premium and Live Premium.
All tax documents will be available in the Tax Center on your driver dashboard by January 31, 2025.
Primary tax forms:1099-K and 1099-NEC.
Who:Lyft drivers who earned more than $600 the previous calendar year.
How:Electronic forms.
For more information on tax documents provided by Uber, visit theirTax Support page.
Primary tax forms:1099-NEC and 1099-K.
Who:Uber drivers who earned more than $600 the previous calendar year.
How: Electronic forms.
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Contributor Larissa Runkle specializes in finance, real estate and lifestyle topics.
She is a regular contributor to The Penny Hoarder.
Contributor Matt Mastasci contributed to this report.
Her work has appeared in Teen Vogue, Smithsonian Magazine and the Tampa Bay Times.
