![]() ![]() You can create your categories and enter the expenses as they occur, eliminating the need to create spreadsheets or calculate long columns of number at the last minute, trying to get in under the wire for tax time. Gridwise will also help you keep accurate records of your expenses. What’s more, Gridwise will record earnings from all the services you use… automatically! All you need to do is link your accounts to Gridwise, and start driving. ![]() The results will be displayed on slick and informative graphs like these: You can view daily, weekly, and yearly results, including your total earnings, and the total number of rides given. In addition to mileage, Gridwise also helps you track your earnings and the expenses you incur outside of mileage. If you say “yes,” you’ll get sent to the app’s screen to begin tracking. Also, when you have Gridwise, each time you drive you’ll get a notification asking if you’re on a shift. Open your Gridwise app and you’ll see a button at the top of the screen that says “Go Online.” Pressing that button starts a driving session during which your miles will be tracked. What about the miles you log between trips? You need to track, and deduct them, too.įortunately, that’s something you can easily do, if you have an easy to use and accurate mileage tracker – like Gridwise! Keep a detailed mileage logįor the 2021 tax year, the IRS allows rideshare drivers to deduct 56 cents for each mile driven during a shift-but you have to track your miles or you can’t take advantage of the deduction.Īnd, just so you know, the mileage tracked by your driving apps don’t count all your mileage they just cover your trips. The Basics of Doing Taxes as an Uber or Lyft Driverīefore we dive into our rideshare driver tax deduction guide, let’s go over a few things that you should be doing throughout the year to make taxes a bit easier at tax time. ![]()
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