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Pay stubs are an important part of any job. They are often required for a variety of reasons to prove you earn an income or an adequate income. One of the most common reasons people need to provide pay stubs is during the rental process for an apartment. Unfortunately, Uber and Lyft do not provide pay stubs which can make some situations rather difficult.
If you are a rideshare driver for Uber or Lyft, you are technically self-employed which means instead of pay stubs, Uber and Lyft will provide you with a 1099 every year in January. This can be a nuisance for sure. Waiting several months or a year to prove income or employment is unfeasible for almost everyone. Luckily, there are some creative ways around the pay stub issue, which most people will consider as proof of income.
If you have been with Uber or Lyft for a long time, you can provide a past 1099 as proof of income. If that does not work, Uber and Lyft provide monthly summaries of your earnings. This can be proof of how much you are making without providing a pay stub.
Another creative way around providing pay stubs is by taking screenshots of your weekly earnings through the platform and printing them out. This is very similar to a pay stub but more creative.
Printing out bank statements is a highly reliable way of showing how much you earn by the deposit amounts. Providing several months of bank statements and income also ensures you have a reliable and steady income. Looking at your driver dashboard can also show how much you earn through the platform.
Not receiving pay stubs can be an annoyance for many rideshare drivers. However, being self employed should not hold anyone back from leading their lives. Sometimes, a little creativity can help get around the small problems!
RIDEGURU
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Lending institutions, especially mortgage lenders, want something official from a company or the gov't. Anything that I print from my rideshare platform is not considered official. That leaves me with two options. Bank statements and filed taxes. My taxes show that I operate at a loss, for obvious reasons, so therefore they actually hurt my income amount. Bank statements show logistics but are lacking the details that lenders want, such as one would see on a paystub. Lyft's policy of providing a 1099 form only applies if you make over $20k for the year. We who work part time get caught in the middle!!