I am in need of some very general tax advice. Mainly, I want to know what I can expect at the end of this year.
I’ve recently started a job as a driver to earn some extra cash. It involves me driving some 300 to 400 miles per day on my own car. At the end of a week I might have driven close to 1500 miles, spent over a hundred dollars in gas, and sometimes close to a hundred dollars in tolls.
As part of the job I had to register as my own buisness, essentially an independant contractor.
So my questions are: Should I expect to pay uncle Sam a lot, even after all the miles and tolls?
What information should I be keeping. So far I have toll receipts and gas receipts. Anything else I should be keeping?