How can I deduct mileage for ridesharing on my taxes?
To deduct mileage for ridesharing, you need to keep accurate records of your trips, including the date, distance, and purpose.
What rate can I use for the mileage deduction?
For 2023, the IRS standard mileage rate is 65.5 cents per mile for business use, including ridesharing.
Do I need to keep receipts for gas and maintenance?
You don't need to keep receipts for gas if you're using the standard mileage rate, but you should keep records of your trips.
What if I drive for multiple ridesharing companies?
You can still deduct mileage for all ridesharing trips, just ensure you track each company's trips separately.
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