Rideshare

Our CPA firm provides specialized tax preparation services to Uber, Lyft, Wingz, Doordash, Amazon Flex and Taxi PDX drivers help reduce their taxes as much  as possible.

Here are rideshare tax deduction strategies our CPA provides to our clients:

1. Track Mileage Accurately

   • Use a mileage tracking app or a manual log to record all business miles.

   • Compare the Standard Mileage Rate with Actual Expenses and choose the method that gives you the higher deduction.

2. Deduct Actual Vehicle Expenses (if using that method)

   • Include gas, oil changes, maintenance, car washes, tires, insurance, registration fees, and depreciation.

   • Only the business-use portion of these expenses is deductible—track your usage percentage.

3. Write Off Car Depreciation or Lease Payments

   • If you own your vehicle, you may depreciate it over time for tax purposes.

   • If you lease your vehicle, deduct the business-use percentage of lease payments.

4. Deduct Cell Phone and Service Costs

   • If you use your phone for rideshare work, deduct the percentage of your phone and plan used for business.

5. Claim Rideshare-Related Supplies

   • Deduct items like phone mounts, chargers, cleaning supplies, dash cams, snacks, or water provided to passengers.

6. Include Tolls and Parking Fees

   • Only deduct tolls and parking expenses incurred while on the job (not while commuting or off-duty).

7. Account for Self-Employment Taxes

   • Deduct 50% of your self-employment tax on your personal tax return.

   • You may also qualify for the Qualified Business Income (QBI) deduction.

8. Use Tax Software or a Tax Professional

   • Specialized tax software for gig workers can help identify all deductions.

   • Consider hiring a professional if your taxes are complex or if you work for multiple platforms.