Tax Deductions for Taxi Drivers

Rent or Lease Payments
Any money you pay to lease your car or rent it from a fleet operator is a deduction in your tax return.  You should keep a good track of how much you are charged to rent your taxi each day/week.  
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​Car Maintenance
Depending on your situation, you may also have a lot of car maintenance fees.  Things like tyres, oil changes, car washes, general repairs.  These can all be claimed as a deduction.  
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​Insurance
If you pay your insurance directly, you can claim it back as a tax deduction. Alternatively your fleet operator may cover the insurance as part of the rental fee.    
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​Licences
Any licence fees you pay to operate your taxi are tax deductible.  This may include the taxi licence fee and also other fees to have a special driver's licence.    
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​Memberships
If you are a member of an organisation or union that is associated with Taxi driving, then you may claim this as a tax deduction.  
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​Credit Card Processing Fees
Any fees and charges that you incur when processing a credit card are tax deductible.
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​Fuel Costs
The cost of fuel whilst driving your taxi is a deduction
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​Depreciation
If you own your Taxi, you can claim depreciation on the vehicle each year.
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​Parking Fees
Parking fees that are incurred whilst driving your taxi are okay as a tax deduction.  These are different to parking fines.  Fines are not tax deductible.  
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​Business Cards
If you print business cards to give to passengers, this is tax deductible.  
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​Any other equipment
​Any other equipment used in your taxi vehicle can be claimed as a tax deduction. Things like phone charges, air fresheners or supplies for passengers.  
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