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The Money Mustache Community
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Learning, Sharing, and Teaching
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Taxes
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Uber - Deductions?
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Topic: Uber - Deductions? (Read 1444 times)
newton
Stubble
Posts: 179
Uber - Deductions?
«
on:
September 24, 2017, 12:30:59 PM »
If you drive for Uber, are you eligible to subtract your expenses for the car from your income?
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Rcc
5 O'Clock Shadow
Posts: 84
Location: NC
Re: Uber - Deductions?
«
Reply #1 on:
September 28, 2017, 11:50:46 AM »
Short answer: you deduct expenses on the vehicle OR the mileage at the IRSs mileage rate for the tax year.
I deduct mileage. Not expenses.
https://therideshareguy.com/all-of-your-2014-rideshare-tax-questions-answered-a-turbotax-giveaway/
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newton
Stubble
Posts: 179
Re: Uber - Deductions?
«
Reply #2 on:
September 29, 2017, 06:52:55 AM »
Thanks for the info! May be a dumb question but do you just track in a notebook??
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Proud Foot
Handlebar Stache
Posts: 1160
Re: Uber - Deductions?
«
Reply #3 on:
October 02, 2017, 08:43:22 AM »
You could use a notebook and write down mileage or there are many apps you can use to track the miles.
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401Killer
Stubble
Posts: 158
Re: Uber - Deductions?
«
Reply #4 on:
October 23, 2017, 12:30:45 PM »
I just track the mileage from leaving my house and until I'm back home. Door to Door.
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The Money Mustache Community
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Learning, Sharing, and Teaching
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Taxes
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Uber - Deductions?