Use the app to review your trips, and classify them as business or personal by swiping left or right. To set up automatic tracking, you will need to enable the app to always track your location by going to the settings section on your phone. For manual mileage tracking, you just need to enter the trip distance, duration, as well as the starting and ending location. You’ll want to use the Hurdlr app to track your mileage automatically or manually.
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Since this would be a business expense, you can deduct these costs. Their premium version of the app is around $8 per month or $60 per year. Hurdlr has a free and paid version and is one of the most accurate mileage tracking apps around. What I love about Hurdlr is that you can connect it to your Uber driver account to enable real-time net earnings tracking as well. Hurdlr is a popular automatic business expense and mileage tracker that can help you estimate your tax deductions in real-time. You don’t want to miss out on this deduction as it can save you tons of money on your taxes, so consider using a mileage and expense tracking app like Hurdlr.
#BEST EXPENSE TRACKER FOR UBER AND LYFT DRIVERS#
Plus, independent contractors like Uber and Lyft drivers qualify for a federal tax deduction of 57.5 cents per mile. Mileage affects the wear and tear on your car.
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I like to look at expenses, and when my husband started driving for Uber and Lyft 3 years ago, I knew he’d have to track one of the biggest factors for rideshare drivers – mileage. As an independent contractor, it’s important to understand that your gross income doesn’t always tell the full story.