Yes you can - but only the portion that you use exclusively for your Self-Employed business.
Here are four things drivers for Uber, Lyft and other car services can deduct that they might not be aware of...
A: Every driver knows that mileage can be deducted, and it’s now easier than ever thanks to tools like QuickBooks Self-Employed, which automatically tracks every trip to maximize deductions. Here are four other deductions:
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Portion of car cost: If you purchase a passenger car or van for your business, you may be able to deduct the expense up to $25,000 in the first year you bought it, which is a huge surprise and money saver for Uber and Lyft drivers.
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Food for passengers: Drivers cannot expense meals for themselves, but they can write off 50% of snacks or drinks provided to passengers.
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Car interest payments: Drivers can write off interest on car loan payments, but only the business portion (e.g., 60% of the interest if the car is used 60% of the time for business and 40% for personal use).
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Parking and tolls: Drivers can deduct parking fees and tolls that relate to business driving. For example, if picking up a client requires a driver to pay for parking, this expense is eligible for deduction.
