Uber and Lyft supply 1099-MISC forms each year to drivers who earned at least $600 in the previous year. The 1099-K form is supplied to each driver who earned at least $20,000 and completed 200 rides or more in the prior year.
Category: Driver Earnings
Do Uber or Lyft Black drivers make more?
Drivers approved for Uber Black and Lyft Lux Black earn more than other drivers on the apps because riders are charged higher rates that are passed on to the drivers.
Can Uber or Lyft drivers accept cash tips?
There are no rules or restrictions on cash tips to Uber and Lyft drivers. Both apps also offer tipping for each ride following completion.
Can Uber or Lyft driver adjust the fare?
Uber and Lyft drivers are unable to adjust fares because fare calculations are automated. Both companies may adjust fares after rides if the rider or driver reports an issue.
Are Uber or Lyft tips taxed?
The Internal Revenue Service (IRS) and state revenue agencies typically treat tips as taxable income. Uber and Lyft drivers are responsible for tracking tips to provide accurate accounting of their incomes.
Do drivers pay tolls on Uber or Lyft?
Uber and Lyft ask their drivers to pay tolls during rides in exchange for reimbursements after rider payments are processed. Each rider is charged for tolls when applicable to fund the reimbursement.