Deductions & credits

There are two ways to take a deduction for the business use of your car:

  • Deduct the actual expenses of operating the vehicle for business, including gas, oil, repairs, insurance, maintenance, and depreciation or lease payments.
  • Take the standard IRS mileage deduction. As of 2017, the rate is 53.5 cents per mile driven for business use.

If you use your car for both ride-sharing and personal transportation, you can deduct only the portion of your expenses that apply to the business use. 

Where do I enter my Uber or Lyft expenses? https://ttlc.intuit.com/replies/5370677