How Taxes Work

As a Muvr mover, you’re considered an independent contractor. Here’s a quick guide to understanding how taxes work.

• Independent Contractor Status:

  • You’re responsible for tracking and paying your own taxes.

  • Muvr does not withhold taxes from your earnings.

• Keep Records:

  • Maintain records of your earnings and expenses to help during tax season.

• Who Provides Tax Forms:

  • Muvr uses Stripe to process payments. Stripe will issue your tax forms (e.g., 1099-NEC) if you meet the IRS reporting thresholds:

    • Earned $600 or more in a year.

• Where to Find Your Forms:

  • Tax forms will be available in your Stripe account. You’ll also receive email notifications when they’re ready.

• Track Expenses:

  • Deductible expenses may include fuel, vehicle maintenance, and other work-related costs.

• Use Tax Software:

  • Consider using software to help calculate and file your taxes easily.

• Consult a Tax Professional:

  • If you’re unsure about filing taxes, a professional can provide guidance.

• Check your Stripe account regularly to stay updated on tax forms.

• Save receipts and records for expenses to maximize deductions.

• Plan ahead to ensure you meet tax deadlines.

By staying organized and informed, you can handle your tax responsibilities smoothly as a Muvr contractor.