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Tax write offs

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celeek
4 Rider Driver
 Posted 3 years, 9 months ago

This is Pretty Cool for tax write offs. It automatically logs the miles I drive everyday as business Miles. Car maintenance and up-keep. These are all business expenses. car registration, Insurance and even the meals I eat everyday.  This is sweet. they even let me use it for free to see how it works for a few weeks. I downloaded it to my cell phone so that it automatically logs the miles as I am driving. 

http://spendingtracker.isrefer.com/go/2w2ppt/cl0264/

Comments

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    Wes
    1602 Rider Driver
     3 years ago

    The KEY to tax deduction is mileage.  I've driven since the beginning and 2 out of 3 years my mileage alone offset ALL the earnings from Uber/Lyft.  If you deduct mileage, you cannot deduct any other car related expenses whatsoever, but IT WORKS!!!  As a result, I don't track anything else because it doesn't benefit you once your Uber/Lyft earnings are taken to zero.

    Keep in mind from the time you turn the app on and begin your work until you return home, ALL miles are deductible.  I use a program called "MileIQ" which works totally in the background and tracks every mile I drive all the time.  I then seperate (easily on a spreasheet) the day job from the Uber/Lyft and it takes seconds at the end of the year to have a report which WILL SATISFY the IRS in the event of an audit.

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    breakingbread
    274 Rider Driver
     3 years ago

    Wait, you can write off meals on taxes?

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      celeek
      OP 4 Rider Driver
       3 years ago

      The meals that you eat while doing your job  Independent contractor.  its amazing try it free trial.  you will be glad you did