Tax Deductions for UBER Drivers - Uber Eats, Doordash, & Lyft
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- เผยแพร่เมื่อ 8 ส.ค. 2023
- ⭐⭐⭐ Tax Deductions for UBER Drivers - Uber Eats & Lyft ⭐⭐⭐
Are you an UBER driver who also offers services through Uber Eats or Lyft? This comprehensive video provides valuable information on tax deductions specifically tailored to UBER drivers engaged in both ridesharing and food delivery services. Understanding tax deductions is crucial to maximizing your earnings and minimizing taxable income.
In this video, we break down the key tax deductions available to UBER drivers working with Uber Eats and Lyft. You'll learn about deductions related to vehicle use, mileage tracking, operating expenses, and more. Our expert tax advisors explain everything in a clear and concise manner, ensuring you can navigate the complexities of tax deductions with confidence.
It's important to stay informed and take advantage of every eligible tax deduction as an UBER driver. By making informed decisions, you can potentially save hundreds, if not thousands, of dollars on your tax bill. Don't miss out on this opportunity to optimize your tax savings.
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- Tax Deductions for UBER Drivers
- Maximizing Earnings and Minimizing Taxable Income
- Key Deductions for UBER Eats & Lyft
- Vehicle Use and Mileage Tracking Deductions
- Operating Expenses and More
- Expert Advice from our Tax Advisors
- Stay Informed and Save Money
- Optimize Your Tax Savings as an UBER Driver
Be sure to subscribe to get more tips on not only settling back tax but also reducing your tax bill going forward if you are a small business owner or self-employed.
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Great video here Enrolled Agent based in Boston with several ride share clients w
It was helpful. Thanks for teaching me that I could use milage app :)
On the Uber Tax Summary, do you deduct the entire amount listed under, "expenses, fees, and tax"? If so, where would that amount be entered on your tax return?
Uber uploads a document with miles driven online vs on trip. Is that sufficient evidence how much was driven for Uber vs personal? Thanks
Can you include your mileages with your rental car?
What about if you drive a few hours then pick kids up from school. On the way home from Uber and picking the kids up are those miles to be recorded?
What about the food and snacks while you are working. I drive for doordash
THANK YOU FOR THE CLARIFICATION SO MUCH..I REALLY GLAD FOR THE HELP FOR FILING ON 2024... FOR 2023 TAX FILIING... WHERE TO INPUT
it's 65.5 cents per mile for 2023
How did you come up with that figure??
@@the7miledoggboss444 it is in irs website / for 2022 it was 57 cent I think . now becasue of infilation it is 65.5 .
well of course every car different every insurance different . irs took a average cost per mile
so if you want to go " standart deduction " the amount of milease you put
lets say 10000 mile . 10000*0.65.5 = 6500 so if you made 20000 that year and drove 10k miles . your taxable income is 13500
well of course there is other expenses that you can put but standart mileage deduction is preety good over all
I have a question. Please tell me should I claim Door Dash 'Total Mileage' 13, 816, or the 7018 for just pick ups and deliver miles. Should I leave the tracking app on until I log out and return home, since it covers before, between, after, or only use it for each pick up and delivery order?
I heard people said that you can also use depreciation section 179 bonus deduction on your car, is that true?
Would renting a car for rideshare be tax deductible?
Or would I just count the gas that I use to get people from point A and B
If you are renting a vehicle through Uber, are the weekly payments tax deductible in anyway?
Tires oil change new batteries, towed, alternator expenses
Not if you accepted the standard mileage.
You can’t deduct mileage at .63 per mile on the top of the other deductions
Only one needs to be considered
1:09 I thought Uber refunds the tolls
Yes, Uber does but if you look at your Uber tax summer issued on your 1099, it still show as a total gross income. Therefore, you have to claim that as an expense.
It has ti be illegal the amount uber and lyft send in the 1099 😡😡😡😡,, that's a lie,,you never get that amount 😡😡😡😡
You said you the "fee" uber takes (aka their cut) is a deduction, but I'm 99% sure don't share that information. You'd have to ask every rider what they were charged and record it, which is obviously problematic.
No it's in the tax summary at the end of the year
@@leonardopatriziogrubhub or DoorDash don’t have any type of summary? Or do they?