Along with the deductions, on the U.S., if you can have your contract as a corp-to-corp, the tax savings can be even greater. Pay yourself a fair salary (usual

Along with the deductions, on the U.S., if you can have your contract as a corp-to-corp, the tax savings can be even greater. Pay yourself a fair salary (usually around 30%) along with FICA, take the other 70% as a company dividend and not have to pay Social Security, etc. Not paying FICA is a big saving. It's a very typical S-Corp payment arrangement. It just usually requires an accountant to manage (make sure you pay tax estimations on time, etc). With the corporate tax cuts last year, there's even further savings. An Uber/Lyft driver could operate as a corp if they wanted to. https://www.ridesharingdriver.com/driving-with-an-llc-or-corp-how-to-send-your-ein-to-uber-or-lyft/ https://www.ridesharingdriver.com/driving-with-an-llc-or-cor...