Business
Lyft and Everlance Partner to Provide Tax Savings to Drivers
SAN FRANCISCO, July 25, 2024 /PRNewswire/ -- Today, Everlance and Lyft announce a strategic partnership to better serve the rideshare driver ecosystem. This
About this update from Lyft, Inc.
[{"type":"text","content":"SAN FRANCISCO, July 25, 2024 /PRNewswire/ -- Today, Everlance and Lyft announce a strategic partnership to better serve the rideshare driver ecosystem.\n\n \n \n \n \n \n \n\n \nThis collaboration involves Everlance, an industry leader in providing tools for mobile workers, and Lyft (NASDAQ: LYFT), one of the largest transportation networks in North America, continuing to build and further the financial resources available to all drivers on the Lyft platform. This collaboration aims to provide significant tax savings to Lyft drivers through exclusive discounts on Everlance Premium products.\n\"At Everlance, we are dedicated to providing drivers with the tools they need to manage their finances effectively,\" said Everlance Co-Founder and CEO, Alex Marlantes. \"We've always admired Lyft's customer-obsessed approach, and this partnership allows us to extend our reach and offer even greater value to the driver community. We're excited to see the positive impact this will have on drivers' financial well-being.\"\nAs part of this partnership, Everlance is now integrated into the Lyft driver rewards program, a significant enhancement for drivers. All Lyft drivers will receive a 20% discount on Everlance Premium products, with the potential for even deeper discounts based on their driver tier within the Lyft rewards program. This integration ensures that drivers have access to Everlance's top-rated mileage tracking and expense logging features, enabling them to maximize their earnings and tax deductions seamlessly.\n\"We are thrilled to partner with Everlance to bring drivers an easy-to-use solution for tracking expenses and maximizing their take-home pay,\" said Jeremy Bird, EVP of Driver Experience at Lyft. \"This partnership aligns with our commitment to supporting drivers and helping them succeed on the Lyft platform.\"\nEverlance has already helped over 3 million drivers automatically track their miles and expenses, including more than 175,000 Lyft drivers. Using Everlance, the typical Lyft driver can increase their take-home pay between 8-15% by maximizing their tax deductions. Now, with Everlance being a part of the Lyft driver rewards program, drivers can benefit from additional savings and enhanced financial management tools, ensuring they get the most out of their driving experience.\nDrivers can start taking advantage of the...