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Hey Lyft drivers! Whether you're crushing those late-night airport runs or mastering the art of surge pricing, we've got some exciting news that'll make those miles worth even more. The 2025 IRS mileage rate is here, and at 70 cents per mile, it's time to turn your rideshare hustle into serious tax savings.
Let's get real about what 70 cents per mile actually means for your wallet. Remember that 45-minute airport run you did last night? Those miles aren't just about the fare and tip anymore – they're now worth some serious deductions. But here's the thing: most drivers are leaving thousands of dollars on the table because they're not tracking their miles properly.
Picture this: You're online for 8 hours. Between pickups, dropoffs, and strategically positioning yourself for the next ride, you might easily cover 200 miles. At the new rate, that's $140 in tax deductions from a single shift. Now multiply that by how many days you drive each week... starting to see the bigger picture?
Here's what veteran Lyft drivers know that rookies often miss – it's not just about the miles with passengers in your car. Let's break down all the deductible miles you might not be tracking:
This is where the best mileage tracking app becomes your new best friend. Thanks to our special partnership with Lyft, you'll get an exclusive 20% discount on Everlance Premium. But what makes it perfect for Lyft drivers specifically?
Let's break down what this means for different types of Lyft drivers:
If you're driving Friday nights and Saturdays, you might cover about 400 miles per weekend. That's $280 in tax deductions every weekend, or around $14,560 annually just from weekend work!
Putting in 40+ hours? Many full-timers clock 1,000+ miles per week. At 70 cents per mile, we're talking about $700 in weekly deductions or a whopping $36,400 annually. That's like getting paid for an extra couple of months of driving!
Maybe you only work those prime-time hours and special events. Even at 500 miles per week, you're looking at $350 in deductions weekly, adding up to $18,200 per year.
The best part about automatic mileage tracking? It's like having a personal tax assistant riding shotgun. While you're focused on maintaining that stellar rating and picking the perfect playlist, Everlance is silently working in the background, ensuring every deductible mile is captured.
But here's where it gets really interesting. Our platform also helps you:
Track your actual earnings alongside mileageIdentify your most profitable driving timesMonitor expenses like car washes and snacks for passengersGenerate professional reports for tax timeAnalyze your cost per mile (crucial for smart business decisions!)
Gone are the days of frantically scrolling through your ride history trying to calculate miles. With Everlance, you'll have everything organized and ready to go. Our IRS-compliant reports make tax prep a breeze, whether you're doing it yourself or working with a tax pro.
Remember that partnership we mentioned? As a Lyft driver, you get:
Ready to stop leaving money on the table? Here's your action plan:
Get Started Now and join the thousands of Lyft drivers who trust Everlance to track their miles.
Want to maximize both your earnings and tax savings? Our top-performing Lyft drivers suggest:
Remember: Every mile counts, and at 70 cents per mile, you can't afford to miss any of them. Let's make 2025 your most profitable year yet!
Damask is the Content Marketing Lead at Everlance, where she develops engaging content to showcase how Everlance's mileage tracking software help businesses and self-employed professionals track for taxes. She specializes in creating educational resources that demonstrate how users can maximize their savings on business expenses through mileage tracking.
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