People who drive for work have the option of deducting the cost of their car expenses (such as gas, maintenance, car payments, and a few others), or deducting a standard amount for every business mile driven.
The IRS Standard Mileage Deduction for business use in 2019 is 58 cents per mile. And since rideshare drivers are independent contractors and most will take the Standard Mileage Deduction each year, it’s important to track these miles in a way that is IRS compliant. Rideshare drivers often put as much as 1000 business miles a week on their vehicle so keeping accurate track of these miles is extremely important.
If you haven’t been tracking your business mileage--don’t panic! Uber tracks all of your on-trip mileage (when you have a passenger in the car) for you, so you’ll be able to deduct this amount at the very least. Here’s where you can read more about how to fill in the blanks on your mileage log.