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It's also tax deductible from the drivers earnings, so it's effectively cheaper.
by manfredo 6y ago
It's also tax deductible from the drivers earnings, so it's effectively cheaper.
- hansvm 6y agoIf the driver has enough potential deductions for that to be better than the standard deduction (or with that low of income is sufficiently aware of alternative filing options) -- and even then quite a few miles are "effectively" not deducted since you're trading the standard deduction for those.
- votepaunchy 6y agoBusiness or self employment expenses are subtracted from revenue before computing income, so there is no relation here with itemizing or the standard deduction.
- hansvm 6y agoYep, I messed up on that one -- forgot uber drivers aren't employees (in which case the standard deduction would ordinarily come into play unless the driver did something more exotic with their taxes). That was my own background slipping through in my answer.