Mar 14, 2017

Uber's tech could make taxes easier for drivers

Pictures of Money / Flickr Creative Commons

With tax deadlines fast approaching, Uber is using its technology to partner with providers of tax tools for contractors. Via Uber's application program interface (API), a software tool that lets outside developers plug into Uber's system, Intuit, H&R Block, Stride and Credit Karma can more easily help drivers calculate and file their taxes.

Pain point: In a recent survey of "gig economy" workers, Intuit found that nearly one in five (18%) said their top challenge with on-demand work was "understanding tax and legal obligations," the company told Axios.

Tax help: At the same time, tracking expenses can help independent contractors save a lot of money. Since releasing an app that helps ride-hailing drivers track their mileage and other expenses in late August, the startup says drivers have logged more than $60 million in deductions. What's more, the company says that tracking those deductions has translated into an effective tax rate of 8.7% for drivers—much lower than the 30% that's recommended for contractors to set aside for taxes.

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George Floyd updates

Protesters in Washington, D.C. on June 6. Photo: Samuel Corum/Getty Images

Thousands of demonstrators are gathering in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds have assembled in Washington, D.C., Philadelphia and Chicago for full-day events.

Why it matters: Twelve days of nationwide protest in the U.S. has built pressure for states to make new changes on what kind of force law enforcement can use on civilians and prompted officials to review police conduct.

Updated 12 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7:30 p.m. ET: 6,852,810 — Total deaths: 398,211 — Total recoveries — 3,071,142Map.
  2. U.S.: Total confirmed cases as of 7:30 p.m. ET: 1,917,080 — Total deaths: 109,702 — Total recoveries: 500,849 — Total tested: 19,778,873Map.
  3. Public health: Why the pandemic is hitting minorities harder — Coronavirus curve rises in FloridaHow racism threatens the response to the pandemic Some people are drinking and inhaling cleaning products in attempt to fight the virus.
  4. Tech: The pandemic is accelerating next-generation disease diagnostics — Robotics looks to copy software-as-a-service model.
  5. Business: Budgets busted by coronavirus make it harder for cities to address inequality Sports, film production in California to resume June 12 after 3-month hiatus.
  6. Education: Students and teachers flunked remote learning.

Why the coronavirus pandemic is hitting minorities harder

Illustration: Aïda Amer/Axios. Photo: Mark Makela/Getty Images

The coronavirus’ disproportionate impact on black and Latino communities has become a defining part of the pandemic.

The big picture: That's a result of myriad longstanding inequities within the health care system and the American economy.