Tax deductions for taxi drivers

Taxi drivers drive motor cars to transport passengers to destinations.

Employment Profile

Average weekly pay:         $950  
Employment size:               54,900  
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.  

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