Tax Deductions

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As a rideshare driver, you are an independent contractor. As such, your driving expenses are tax-deductible. This includes repairs, depreciation, car washes, insurance… These days most tax preparers understand how to maximize rideshare deductions. Make sure that you keep track of all of your expenses, though. I love gridwise. It is a great app to help keep track of ALL of your miles for tax purposes. Here is a pretty good summary of how rideshare deductions work.