Best Tax Deductions to Claim for Taxi Drivers
Taxi Drivers drive motor cars to transport passengers to destinations.
Employment Profile
- Average weekly pay: $1,092.50
- Employment size: 57,645
- Future growth: Very Strong
- Skill level: Certificate II or III
Typical tax deductions include:
- Motor vehicle travel between work sites or for training purposes.
- Taxi operating costs including interest, lease payments, depreciation, repairs, fuel, cleaning and insurance.
- Computers, tools and equipment – includes fridge, GPS, and vehicle maintenance tools.
- Consumables for passengers including drinks, sweets, newspapers, and magazines.
- Union fees, licences, registrations and subscriptions.
- Phone and internet – work %.
- Medical checkup and drug testing fees.
- Compulsory work uniform branded with the employers logo.
- Courses, seminars and self-education expenses.
- Client gifts brought for work purposes as entitled to receive commission income – includes gift vouchers, bottle of wine, flowers, hamper, etc.
- Home office running expenses.
Professional memberships.
Non-deductible expenses:
- Speeding and parking fines.
- Taxi driving course.
Tax Strategies we can assist you with.
- Computers, tools, equipment and other assets
- Compulsory work uniform
- Logbook for motor vehicles
- Gifts to clients, suppliers and contractors
- Union fees, licences, registrations and subscriptions
- Phone and internet
- Home office running expenses
Click here to see Tax Calculator for Taxi Drivers.
Stephen is the CEO of Accountants Direct and is a Professional Director, ASIC Agent, Startup Advisor & Investor & Capital Raising Specialist.
Contact Stephen or his team if you have any questions about this post or any business matter in general.
