Have you recently started driving for Uber, Lyft or another ride-share company to pick up some extra cash?  Unless you’ve met with Ken Weinberg of Ken-Mar Tax, you’re probably missing out on even more money in tax deductions!  Being a tax reduction strategist for the self-employed, Ken specializes in helping people like you who get a 1099 (or 1099-K), and are considered by the IRS as an independent contractor, rather than a W-2, which is what you get when you’re an employee.  So congratulations!  That 1099 now entitles you to file a Schedule C for self-employed income, and it also entitles you to claim business expenses that you probably hadn’t thought of.  As you start claiming legitimate business expenses you will see your tax responsibility decrease because your cost of doing business has increased.  Even if you have a full-time job somewhere else where you receive a W-2, adding your business expenses could mean a larger tax refund than you were anticipating!

Consult with our Uber Tax Preparation Specialists at No Cost

Every individual’s situation is unique – is your car owned, leased or financed? Do you share your cell phone bill with someone else? are you running your Uber business from a home office? Do you own or rent that space? Do you have roommates or housemates that split living expenses? and so on.  For that reason we highly recommend you schedule an appointment with Ken Weinberg or another tax specialist at Ken-Mar Tax. And you don’t have to wait for tax time.  Bring in last year’s tax return today and we’ll meet with you for a free consultation to review your 2013, 2014 and 2015 tax returns for errors and additional tax deductions that still may entitle you to a tax refund – all at no cost.  Should you decide to use our tax preparation services our tagline is “we’ll save you more than our fee or your taxes are free” so we’re sure that our amazing tax preparation services will not be cost prohibitive!

Uber Driver Tax Deductions

Here are a few likely tax deductions you may be entitled to claim as an Uber, Lyft or other rideshare Driver:

  • Home Office Deductions
  • Other Business Expenses
  • Mileage
  • Depreciation of Vehicle (if owned)
  • Mobile Phone
  • Wireless Service
  • Internet
  • Car Payment (if leased)
  • Interest on Car Loan
  • License, Title & Registration
  • Passenger Supplies
  • Car Washes
  • Parking
  • Floor Mats
  • Jumper Cables
  • Gas
  • Maintenance
  • Insurance
  • Tolls
  • Advertising Expenses
  • Oil Change
  • Music Apps
  • Spare tire

Other questions you’re likely to have as an Uber Driver filing taxes include:

Do I take the standard mileage deduction or use actual expenses?

How do I track when I use the car for personal use and when it’s used for business?

Can I count the miles from home to pick-up a passenger as a commute? How do I count the miles between passengers?

What type of documentation do I need to claim each expense?

If I didn’t get a 1099, do I still have to report the income?

Can I add the 1099 and 1099-K to the same Schedule C?

Call Ken-Mar Tax at (440) 777-2207 or fill out our contact us form and relax. We’re happy to learn more about your experience as an Uber Driver, help you sort out your business expenses, makes heads or tails out of your 1099 and/or 1099-K and make sure your claiming as many business expenses you are entitled to in order to reduce your taxable income and potentially increase your Uber Driver tax refund!