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1 With a more realistic 25% total tax rate, if you made over $5000 take home from Uber or Lyft after their commission, you will need to pay estimated taxes. 2  The above figures are gross estimates and does not apply to every driver.
NerdWallet used data from SherpaShare to calculate how much drivers need to work to make certain incomes after paying for gas, insurance and car maintenance. Uber drivers make the most money (pretax) per ride, on average â $15.97, compared with $13.35 for Sidecar and $11.48 for Lyft. Where you live also pays a role. Lyft drivers in Dallas make the least money per trip, which means they would have to provide 97.65 rides before paying for the city's average annual car insurance premium.