Do you want to earn thousands in tax deductions just for driving to work and back? This page will tell you how.
As a self-employed person, you can deduct your mileage expenses. However, this does not include your mileage from driving to the office and back. But if you work during your commute, you can claim that mileage. That’s where Uber comes in. If you are an Uber driver, you can go online during your commute to work and back and then claim the mileage. Uber has a feature that allows you to only pick up riders who are on your way to your destination, so you don’t even need to worry about having to go far out of your way. Here’s how it works:
- When you leave your home, set your work as your destination in the Uber app.
- Elect to only receive riders on the way to your destination.
- If you get a rider, pick them up and take them to their destination.
- If you don’t get a rider, that’s fine, too. You can still claim the deduction.
- When you reach your work, Uber will automatically put you offline.
My commute is 14 miles each way. By putting myself online during this time, I can claim a deduction of $15 per day regardless of whether I pick up a passenger that day or not. That may not seem like much, but over the course of a year it is almost $4,000 that I can transfer from my business to me tax free. As I track my earnings daily, I will also be tracking the tax deductions that I accumulate. If you want to apply to drive for Uber and claim this deduction, click here.