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165 results in Glossary · page 7 of 9

  1. GlossarySchedule C: Meaning for NYC TLC DriversSchedule C is the federal form where self-employed drivers report fares, app pay and costs to find profit. Key lines, plus code 485300 for taxi and rideshare./glossary/schedule-c Taxes
  2. GlossaryScheduled Retirement Date (NYC Taxi Vehicle)A taxi's scheduled retirement date is when TLC rule 67-18 says the car must leave yellow cab service. How it's set, why accessible cabs have none, extensions./glossary/scheduled-retirement-date Medallions
  3. GlossarySecurity Deposit (Taxi Lease): What It MeansA taxi lease security deposit is money a fleet holds against unpaid lease, damage and tickets. Limit: one lease term. It earns interest; back in 30 days./glossary/security-deposit-taxi Pay & fees
  4. GlossarySEP IRA: Definition and 2026 Limit for DriversA SEP IRA lets a self-employed driver save up to 20% of net earnings for retirement, capped at $72,000 for 2026. How the 20% works and common mix-ups./glossary/sep-ira Pay & fees
  5. GlossarySettlement (TLC Summons): What You Agree ToA TLC settlement is a written deal with TLC that closes a summons, often for a lower fine. Who offers it, what you give up, and what happens if you slip./glossary/settlement Fines & suspensions
  6. GlossarySHL (Street Hail Livery): Green Cab Rules ExplainedSHL means street hail livery — NYC's green cabs. Where an SHL can and can't take hails or pre-arranged trips, how the permit works, and how many are active./glossary/shl Vehicles & bases
  7. GlossaryShort Haul (TLC): Airport Short-Trip TicketsShort haul: a taxi trip from a terminal under a set distance or time. Where an airport stand runs short- and long-haul lines, your ticket decides. $100 rule./glossary/short-haul Airports
  8. GlossarySolo 401(k): Definition and 2026 LimitsA solo 401(k) is a 401(k) for a self-employed person with no employees. For 2026: $24,500 as employee plus 20% of net earnings as employer, up to $72,000./glossary/solo-401k Pay & fees
  9. GlossarySplit Tolling (Verrazzano-Narrows Bridge)Split tolling means the Verrazzano-Narrows Bridge charges a toll each way, since December 2020, instead of a double toll one way. Why TLC drivers care./glossary/split-tolling Tolls & E-ZPass
  10. GlossaryStand-By Vehicle (SBV): Taxi Fleet Spare CabA stand-by vehicle is a licensed spare taxi a fleet may use while one of its cabs is out of service. Only fleets can have them; TLC counted 3 at end of 2025./glossary/stand-by-vehicle Medallions
  11. GlossaryStatement of Fees (HVFHS): Meaning for Uber & Lyft DriversAn HVFHS statement of fees is the list of deductions Uber or Lyft filed with TLC. Any fee not on it is barred by rule 59D-19(d): $500 fine and up to 30 days./glossary/statement-of-fees Apps & bases
  12. GlossaryStaten Island Bridges Plan (PASI): MeaningPASI, the Port Authority's Staten Island Bridges Plan: $8.40 a trip on the Goethals, Bayonne and Outerbridge with 3+ trips a month. Non-commercial plates./glossary/staten-island-bridges-plan Tolls & E-ZPass
  13. GlossaryStreet Hail: TLC Meaning for DriversA street hail is a rider waving, calling or using an e-hail app for an on-demand taxi or green cab at the meter rate. Who may accept one, where, FHV fines./glossary/street-hail Passengers
  14. GlossarySummary Suspension (TLC): Suspended Before a HearingA summary suspension stops your TLC license before any hearing. Find which of the three types you have and the exact window to ask for a fast hearing./glossary/summary-suspension Fines & suspensions
  15. GlossarySummons (TLC): What It Is and What It Must ContainA TLC summons is the written charge that starts an OATH case. What the rules say it must include, how TLC can serve it, and why it is not a finding of guilt./glossary/summons OATH hearings
  16. GlossaryTaxi Fleet: TLC Meaning for DriversIn TLC rules a taxi Fleet is a business with 25+ cabs, one garage and a dispatcher on site 18 hours a day. How it differs from a minifleet, agent or owner./glossary/taxi-fleet Medallions
  17. GlossaryTaxi Holding Lot: Airport Hold Area RulesThe taxi holding lot is where yellow cabs wait at JFK or LaGuardia before dispatch to a terminal. Three TLC rules apply there, plus Port Authority rules./glossary/taxi-holding-lot Airports
  18. GlossaryTaxi Improvement Fund (TIF): Meaning for DriversThe Taxi Improvement Fund is the City fund filled by the $1.00 surcharge on every yellow taxi trip. It pays owners and drivers of wheelchair accessible taxis./glossary/taxi-improvement-fund Medallions
  19. GlossaryTaxi Partition: Rules and ExemptionsThe shield between a cab driver and the back seat. Required in yellow and green cabs unless the cab has trouble lights, an emergency phone and a camera./glossary/taxi-partition Safety & points
  20. GlossaryTaxi Roof Light: TLC Meaning for DriversThe taxi roof light shows if a cab is free. When TLC rules say it must be lit or off, the 3-point tampering rule, and why most FHVs can't have one./glossary/roof-light Vehicles & bases