12 Tax Write-Offs for Uber and Lyft Drivers in 2024
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If you’re a rideshare driver for services like Uber or Lyft, you’re considered an independent contractor. As such, you’re responsible for paying your taxes since they aren’t withheld from you. However, you can save money on your taxes by maximizing your tax deductions with these ride-sharing tax-write offs!
General Expenses
Membership & Service Fees
Fees related to an organization or service used to find or conduct business are tax deductible.
Phone & Service
If you use your phone for work, the purchase and monthly bill are tax deductible.
Phone Accessories
Accessories for your work phone, such as USB charging cables, are tax deductible.
Snacks & Refreshments
Providing snacks and refreshments for your passengers is tax deductible.
Software Subscriptions
Monthly or annual subscription fees for computer software or apps related to your job or business are tax deductible.
Tools & Equipment
Standard business equipment and tools used for work are tax deductible.
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Driving For Work
Since you're driving for work, you'll have to decide whether you want to take the standard mileage deduction or the actual car expense deduction. Regardless, track the car expenses below to help maximize your deductions!
Gas
Gas for your business vehicle is tax deductible.
Parking & Tolls
Business-related parking and toll fees are both tax-deductible expenses. However, parking fees paid to park at your workplace are not deductible.
License & Registration Fees
License and registration fees required to drive your business vehicle are tax deductible.
Roadside Assistance
Roadside assistance expenses are tax deductible. If you have a roadside assistance plan, it’s tax-deductible if your insurance plan doesn’t include it.
Vehicle Insurance
The insurance cost for your business vehicle is tax deductible.
Vehicle Maintenance
Repairs and costs to maintain your business vehicle are tax deductible.
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