driverbob

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  Mileage that is tax deductible

  I leave the house and head towards a busy area for my first ride while UBER is on for 6 …

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   1 year ago in  What is the least amount of money you made driving for Uber or Lyft on a single shift? (say a full shift over 8 hours)

  I'm in Tampa - the worst day was about $90 for 8 hours.  I usually make $130 to $150.  To be realistic, you have to reduce these amounts by the mileage driven at 60 cents per mile.    

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   1 year ago in  Even after cutting mileage rates by 50% last week, Lyft says drivers are making $30 an hour!

  No it's not.  I grossed $11k, and they deducted their fees of $5k.  The difference is $6k.  Wait - you have to deduct mileage and income taxes.  That is what I made.  

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   1 year ago in  Even after cutting mileage rates by 50% last week, Lyft says drivers are making $30 an hour!

  I have taken UBER many times.  (I'm also an UBER driver).  I do not tell the driver that I also drive for UBER.  Small conversation - then, do you like driving for UBER?  I then ask are you making money?  Most say a lot.  What BS!  I tried UBER for the year 2022.  Here are my numbers.  Gross earnings $11k, expenses (deducted by UBER), $5k.  I now have $6k in the bank.  Wait! Now I deduct miles driven, which equated to 4,000 miles.  $6,000 less $2,400 = $3,600.  I then deduct my phone cost of $100.  $3,500 - now I have to pay income taxes to the IRS and the state.  I owe almost 40%, which is $1,400.  I made $2,100.  THE MILEAGE DEDUCTION REPRESENTS GAS, DEPRECIATION ON THE CAR, AND REPAIRS.  

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