If you are a dasher in doordash, you should know your income is tax-free only up to a limit. After which, you need to fill out a form which is a 1099 form. Let’s Know More about Doordash 1099.
1099 form is a tax filing form used for doordash drivers governed by IRS(Internal Revenue Service) and respective State laws. The eligibility for getting this form is capped at $600, which means if you earn $600 or more in a year, you will receive this form. Always try to keep such sensitive documents like the 1099 form updated and in a safe place for any future reference
About Doordash 1099
A 1099-NEC is a tax form used to track the taxable income of the dashers or drivers. The form is issued by the IRS(Internal Revenue Service) in the USA. In doordash, not everyone’s income is taxable. If your income exceeds $600 in a year, only then do you need to pay tax. The e-mail will be sent to you by the strips express.
Things to know regarding stripe express
The tax form will be sent to you by Stripe Express where you can download the form. Then if you are not a user of stripe, they will ask you to make a new one. After you signed up on their website, you can review your account information. You will get your salary, the amount to be paid as tax, and other personal information by navigating through your account menu. This is a general overflow of 1099-NEC tax filing.
Now, there are several other things you need to keep in mind. Sometimes, many dashers claim they are not getting the 1099 tax form. In such cases, be sure to check-
1. Your income is more than $600 in a year.
2. Check the spam folder, or deleted folder section. Also, don’t forget to check all emails section in your Gmail account. The mail is titled as Confirm your tax information with DoorDash or Review your draft DoorDash 1099 tax form.
3. The email address of your doordash account is not the same as what you use now. You might have signed up with a different email address. Check all that out. You can contact doordash to change/ update your email.
4. Make sure you have opted for the e-delivery of your tax form. If you have selected to receive a physical copy of the mail, wait patiently, as it takes time for delivery. Whether the e-delivery is the fastest method available, the other hand, physical mail can take up to 10 days to reach your hand as it is handled by UPCS( United States Postal Service).
In this regard, please note that if you require a physical or hard copy and opted for e-delivery, then you can take a printout of your file emailed to you, for any future reference.
If all cases above are checked but still you have not received the mail, you can contact stripe or visit qsupport.stripe.com/express.
How to update your tax information
To update your tax information, open the email sent to you by stripe and click verify the information. This will land you on a website where you can create your account. If your account is already made, log in to it. There you can see all details like name, address, email, SSN(Social Security number), EIN(Employer Identification Number), ITIN( Individual Taxpayer Identification Number), etc.
If you think any of these requirements to be updated, you can do so. Keeping all necessary information updated is crucial to getting a physical form of tax copy and maintaining safe practices.
When you will receive a tax form
You will receive your tax form in January, specifically January 31, 2022, taken this year as a reference. You will receive it after 10 days from this date if you have opted for physical delivery.
Early January:
Earlier this month(January), Stripe Express will send a mail to ask you to create an account. Then you will need to cross-check all the information to confirm and agree to e-delivery(receiving downloadable tax files through the mail).
By January 23, 2022:
All the information in your account like name, address, etc. are correct and confirmed by you via stripe.
By January 31, 2022:
Your tax file is ready to download through the email they sent to you.
Conclusion
In the bottom line, your income as an independent contractor of doordash is taxable only when you reach only $600 or more. It is also advisable to maintain clean and transparent tax records. It will not only helps you to track your income, expenses, etc but also give you peace of mind and saves lots of money and time in the future.
Frequently Asked Questions
Is my information with string express safe?
Ans:- Yes, your personal information is safe with their strict privacy policy and high-end encryption system.
What are the criteria to get a 1099 tax form?
Ans:- Being a doordash dasher, if your income touches $600 or more, then your income is taxable.
Who sends me the tax form?
Ans:- The tax form will be sent to you by stripe express under laws and regulations guided by IRS.
