What are the common expenses for Uber drivers?
An example of an AI chatbot conversation about Uber driver expenses.
What are the common expenses for Uber drivers?
Uber drivers typically incur expenses like fuel, vehicle maintenance, insurance, and car depreciation.
How can I track these expenses effectively?
You can use apps like MileIQ or QuickBooks to track mileage and expenses automatically.
Are there any tax deductions I should be aware of?
Yes, you can deduct expenses like fuel, maintenance, and even a portion of your phone bill.
What percentage of my earnings should I set aside for taxes?
It's generally recommended to set aside about 25-30% of your earnings for taxes, but consult a tax professional for specifics.
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