Probably way to early for this, I know..
Part time driver using uber for supplemental income. In pace to earn about $8,000 in total fares, about $6,000 after uber's cut, and down to about $4,700 net after gas, routine expenses.
I do not factor in vehicle depreciation on my own records because I drive a 2003 Honda Accord with 200k miles so it's worth about $2,500 whether I tack on an extra 5k miles driving for uber or not..
But I'm wondering if I can count depreciation as part of a tax write off? I've seen some posts that say the true cost per mile is 55¢, can I use this to my advantage for tax filing when the time comes?
I keep a record of every mile I drive when I am out ubering, including dead miles.