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posted Jun 3, 2019 4:25:49 PM

Can I include non-Lyft vehicle expenses (gas, oil, etc.) as well as vehicle expenses incurred while actually driving for Lyft?

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Level 1
Jun 3, 2019 4:25:50 PM

You can only deduct expenses for the vehicle used when driving for Lyft.

You can either claim the standard mileage deduction or actual expenses, but not both.

For more deduction for Lyft drivers, follow this link: Tax Tips for Rideshare Drivers

1 Replies
Level 1
Jun 3, 2019 4:25:50 PM

You can only deduct expenses for the vehicle used when driving for Lyft.

You can either claim the standard mileage deduction or actual expenses, but not both.

For more deduction for Lyft drivers, follow this link: Tax Tips for Rideshare Drivers