So many processes and techniques in one industry can be applied to another, learning about how someone does something as an Uber driver can teach you a new way of approaching a problem in your current domain. Signing up all these referral drivers means more cars out on the road, which makes driving Uber more competitive. I now see why. Form K income will not be reduced by any fees or commission that Uber or Lyft charge you. This guide will cover how self-employment taxes work , how to count your driving income , how to track tax deductions , and how to pay estimated taxes. To estimate your own vehicle depreciation, you can use Kelly Blue Book to calculate the estimated loss of value as a result of one month of use as a ride-hailing vehicle.