Lyft Driver Tax Calculator

Estimate self-employment, Social Security, and Medicare taxes based on your rideshare income.

Uber, Lyft, and other professionals working as rideshare drivers are usually considered independent contractors by the IRS, which increases their tax responsibilities. Unlike traditional W-2 employment, where taxes are withheld for employees, self-employed independent contractors must handle these tasks themselves on a quarterly basis, including paying the 15.3% self-employment tax that funds the federal programs Social Security and Medicare. Easily and efficiently calculate your self-employment tax burden (excluding state and federal taxes) with this free self-employment tax calculator for Lyft professionals.