Lyft Driver Tax Calculator

Easily calculate your Lyft driver taxes with our free tool.

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.

Self-Employment Tax Inputs

Enter your self-employment and W-2 income to estimate your self-employment tax.

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Net profit from your business or freelance work.

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Enter your total W-2 wages so far this year. Enter "0" if not applicable.

Your Results

Year-to-date estimates

Estimated self-employment tax

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Based on your self-employment and W-2 income.

Frequently Asked
Questions

If you meet certain income thresholds, you will have to pay taxes on Lyft income. When you earn $400 or more in net profit during the tax year, the IRS considers you self-employed, and you must pay self-employment tax (Social Security + Medicare). Income tax and other applicable taxes may also be due.