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QBI deduction for gig drivers

20% of profit

Can You Write Off QBI Deduction for Gig Drivers?

Short answer: Yes: drivers with net profit get the 20% qualified business income deduction on top of their expenses.

It's taken on Form 8995 and doesn't reduce self-employment tax.

Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose. W-2 employees should ask about employer reimbursement.