What tax deductions can I claim as an Uber driver?
An example of an AI chatbot conversation about tax deductions for Uber drivers.
What tax deductions can I claim as an Uber driver?
As an Uber driver, you can claim deductions for vehicle expenses, fuel, maintenance, and even your phone bill.
Can I deduct my car payments?
You can't deduct the full car payment, but you can deduct a portion based on the percentage of business use.
What about insurance costs?
Yes, you can deduct the cost of your car insurance as a business expense.
Are there any specific records I need to keep?
Yes, keep records of your mileage, expenses, and any receipts related to your driving activities.
Is there a limit to how much I can deduct?
There are limits based on the type of expense and the IRS guidelines, so it's best to consult a tax professional.
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