![]() ![]() I know this is too good to be true, so when and how do I pay taxes on my Lyft earnings?ĭo I need a separate bank account for my business?Hello everyone,I am a freelance writer and I am using my personal bank account for all business related transactions. I noticed that I receive the total fee I’ve earned without taxes being withheld. What are Self-Employment taxes and why am I paying so much?ĭoes Lyft deduct taxes when they pay me?Hey everyone, I am a college student and I recently started driving for Lyft for some extra spending money. Why?I have my own business and noticed that I am paying a lot of Self-Employment taxes. I am self-employed and I pay a lot of Self-Employment taxes.
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