Tax Checklist for Favor Runners in Texas

Use this Texas Favor runner tax checklist to log mileage, keep supply receipts, and plan payments so couriers meet state rules and stay audit ready all year.

Independent contractors managing self-employed taxes should stay proactive about independent contractor deductions and year-round recordkeeping.

💡 Set aside 25% of every gig payout for self-employed taxes so independent contractor deductions cover quarterly payments.

Why It Matters for Self-Employed Taxes

Favor deposits tips instantly, which feels great until tax season when you realize nothing was withheld. Building a checklist keeps you covered from Austin to Dallas.

Key Earnings & Expense Buckets

Record toll road charges and parking garage fees common in downtown deliveries.
Deduct branded shirts, hats, or bags purchased to align with Favor’s customer expectations.
Track cooler packs and beverage carriers for hospital and office drop offs.

Weekly Workflow

Update your mileage log every Sunday night and reconcile it with Favor route summaries.
Set aside part of each tip for taxes before spending the rest on gas or food.
Note any cash tips separately to ensure they make it into your year end totals.

Tools & Next Steps

Texas Comptroller reminders for local franchise tax thresholds if you form an LLC.
A city specific parking map to avoid repeated fines in busy downtown zones.
Digital wallets like Moves to consolidate tipping history across multiple Favor accounts.

Favor thrives on friendly service, but the runners who stay profitable treat every receipt like business paperwork.

How do I track mileage for gig work in 2025?

Use IRS-approved mileage logs or apps like Everlance to document date, distance, and purpose for every self-employed trip.

Can I deduct equipment or vehicle lease payments?

Yes, deduct the portion tied to independent contractor work; keep receipts and lease statements for 1099 tax audits.

When should I pay quarterly estimated taxes?

Send payments by April, June, September, and January to cover self-employed taxes and avoid IRS penalties.

What records should independent contractors keep?

Maintain income statements, mileage reports, receipts, and bank deposits to support deductions and 1099 filings.

How can I reduce surprise tax bills as a freelancer?

Estimate your independent contractor deductions monthly, set aside 25-30% of income, and automate transfers to a tax savings account.