I am a City Uber Driver, I enjoy it!

Understand your Business deductions

  • Overview of Uber Driver Tax Obligations

    As an Uber driver, you are considered a self-employed individual and are required to report your income and expenses on your tax return. Here are some key tax obligations to keep in mind:

    Self-Employment Income: Your Uber driving income is considered self-employment income and is subject to self-employment tax.

    Business Expenses: You can deduct business expenses related to your Uber driving on your tax return, such as gas, maintenance, and other expenses.

    Record Keeping: It's essential to keep accurate records of your income and expenses, including receipts, mileage logs, and other documentation.

  • Tax Deductions for Uber Drivers

    As an Uber driver, you can deduct the following expenses on your tax return:

    Gas and Fuel: You can deduct the cost of gas and fuel used for your Uber driving.

    Vehicle Maintenance: You can deduct the cost of maintenance and repairs for your vehicle, including oil changes, tire rotations, and other expenses.

    Tolls and Parking: You can deduct the cost of tolls and parking fees incurred while driving for Uber.

    Phone and Data Plan: You can deduct the cost of your phone and data plan used for Uber driving.

    Other Expenses: You can deduct other expenses related to your Uber driving, such as snacks, water, and other amenities provided to passengers.

  • Tax Forms for Uber Drivers

    As an Uber driver, you'll receive the following tax forms:

    Form 1099-K: Uber will provide you with a Form 1099-K, Payment Card and Third-Party Network Transactions, which reports your gross earnings from Uber.

    Form 1040: You'll report your Uber income and expenses on your Form 1040, Individual Income Tax Return.

    Schedule C: You'll complete Schedule C, Profit or Loss from Business, to report your Uber business income and expenses.

    Schedule SE: You'll complete Schedule SE, Self-Employment Tax, to report your self-employment tax liability.