How To Get My 1099 From Instacart
Instacart is a popular platform that allows individuals to earn money by delivering groceries to customers’ doorsteps. If you are an Instacart shopper or driver, you may need to obtain your 1099 form for tax purposes. This article will guide you through the process of getting your 1099 from Instacart and provide answers to some frequently asked questions.
1. What is Form 1099?
Before diving into the process of getting your 1099 from Instacart, it is essential to understand what Form 1099 is and why it is important. The Form 1099 is a tax document that reports income you received throughout the year as an independent contractor or freelancer. This form is used to report your earnings to the Internal Revenue Service (IRS) and is crucial for accurately filing your taxes.
2. When and How Does Instacart Send Out 1099s?
Instacart sends out 1099 forms to eligible shoppers and drivers by January 31st of each year. It is important to note that Instacart only sends this form to individuals who have earned more than $600 during the previous tax year. If you have not reached this earnings threshold, you may not receive a 1099 from Instacart.
Instacart sends 1099 forms electronically via email. To ensure you receive your 1099 form, make sure that your contact information, specifically your email address, is up to date in your Instacart account settings. It is also essential to check your spam or junk folders regularly in case the email ends up there.
3. Steps to Get Your 1099 From Instacart
Follow these steps to obtain your 1099 from Instacart:
Step 1: Log in to your Instacart Shopper account.
Step 2: Click on your profile picture or icon to access your Account settings.
Step 3: Navigate to the “Tax Forms” section. In this section, you will find your 1099 form and other related tax documents.
Step 4: Download and save the 1099 form to your device or computer for future reference. It is also recommended to print a physical copy for your records.
Once you have completed these steps, you will have successfully obtained your 1099 from Instacart. Ensure that you keep this form safe and secure, as you will need it when filing your taxes.
4. How to Handle Missing or Incorrect 1099 Forms
In some cases, you may find that your 1099 form is missing or contains incorrect information. If this happens, it is essential to take the following actions:
Contact Instacart Support: Reach out to Instacart Customer Support to report the issue. They will assist you in resolving the problem and provide you with a corrected 1099 form if necessary.
Review Your Earnings Summary: While waiting for a corrected 1099 form, you can review your earnings summary in your Instacart account. Ensure that the information aligns with your records to have accurate figures for tax preparation.
Consult a Tax Professional: If you face any challenges or have questions regarding your 1099 form, it is recommended to consult a tax professional who can guide you through the process and provide expert advice.
Frequently Asked Questions
Q1. I earned less than $600 with Instacart. Do I still need a 1099 form?
A1. No, you do not need a 1099 form if you earned less than $600 with Instacart. However, it is still essential to keep track of your earnings and report them accurately when filing your taxes.
Q2. What should I do if I don’t receive a 1099 form from Instacart?
A2. If you believe you should have received a 1099 form but did not, double-check your earnings for the year. If you earned more than $600, contact Instacart Customer Support to inquire about the missing form.
Q3. Can I access previous years’ 1099 forms on Instacart?
A3. Yes, you can access previous years’ 1099 forms by following the same steps mentioned earlier in this article. The Tax Forms section of your Instacart Shopper account will provide access to all relevant tax documents.
Q4. What other tax documents should I be aware of as an Instacart shopper?
A4. In addition to the 1099 form, you should also be aware of other tax documents related to your self-employment, such as the Schedule C form, which is used to report your business profit or loss, and the Schedule SE form, which calculates your self-employment tax.
It is highly recommended to consult a tax professional or use tax software designed for self-employed individuals to ensure accurate tax filing.
Obtaining your 1099 form from Instacart is a vital step in preparing and filing your taxes as an independent contractor. By following the outlined steps and reaching out to Instacart Customer Support when necessary, you can ensure that you have all the necessary documentation for a smooth tax filing experience.
Remember to keep track of your earnings throughout the year and consult with a tax professional for any questions or concerns related to your taxes. Filing your taxes correctly will not only keep you compliant with the IRS but also provide peace of mind knowing that your tax affairs are in order.