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When people talk about "self-employment tax," they're referring to this doubled payment of Medicare and Social Security taxes. They come to 15.3% for you, compared to the 7.65% paid by traditional employees. 1. Get your 1099-NEC from Amazon Flex Schedule C is the form you use to deduct your business expenses from your gross income. 3. Attach both forms to your 1040 As a Flex driver, you have no way around using your own vehicle for work. If you drive full time, you're probably racking up a lot in car expenses every month. Even if Amazon Flex is a side hustle, your gas expenses will add up. Remember, the IRS is pretty rigid about their deadlines. If you miss a deadline by a single day, penalties begin to rack up. These start at 0.5% of what you originally owed and can go all the way up to 25%.

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