Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Democrats Urge IRS to Boost Drivers’ 58.5-Cent Mileage Deduction

May 16, 2022, 12:00 PM

House Democrats are pushing the Internal Revenue Service to increase a tax break that would help truckers, Uber Technologies Inc. and Lyft Inc. drivers and other transportation-related businesses cut their tax bills as they struggle with soaring gasoline prices.

Businesses, gig workers and other proprietors are currently able to deduct 58.5 cents per mile as a business cost for federal taxes. Representatives Ruben Gallego of Arizona and Sharice Davids of Kansas, along with other Democrats asked IRS Commissioner Chuck Rettig to temporarily boost that amount, according to a letter obtained by Bloomberg News.

Delivery drivers and other small businesses are ...