A senator is pressing the IRS to raise the mileage deduction that Uber drivers rely on to offset spiking gas prices [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
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Source: Yahoo! Finance
Gallego pointed to high gas prices after the US-Israel war with Iran Uber and DoorDash drivers often use the deduction to defray their costs. Drivers for Uber and DoorDash need a higher tax deduction to deal with high gas prices, one US senator says in a new letter. Democratic Sen. Ruben Gallego, who represents Arizona, called on Treasury Secretary Scott Bessent on Thursday to raise the per-mile deduction that taxpayers can take if they use a car for business purposes. The deduction, which sits at 72.5 cents per mile, is key for gig workers who use cars to make deliveries and drive passengers. Gallego made the ask in a letter shared exclusively with Business Insider. The letter references gas prices , which have risen to an average of nearly $4 a gallon this month. Gallego blamed "President Trump's lack of planning with regard to the impacts of the Iran war on energy prices." "For many self-employed individuals who rely on driving, these prices are unsustainable," Gallego
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UBER
News
- Is Uber Technologies (UBER) in a Strong Position to Take Advantage of Future Opportunities? [Yahoo! Finance]Yahoo! Finance
- Uber Eats, DoorDash drivers get help as gas prices rise. What to know [Yahoo! Finance]Yahoo! Finance
- Washington Dems passed an income tax they know is unconstitutional. That was the point [FOX News]FOX News
- Pony AI Q4 Earnings: Early Signs Of Commercialization Amid Global Expansion [Seeking Alpha]Seeking Alpha
- Uber's Zagreb Robotaxis Test Capital Light Path For Long Term Margins [Yahoo! Finance]Yahoo! Finance
UBER
Earnings
- 2/4/26 - Miss
UBER
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/23/26 - Form ARS
- 3/23/26 - Form DEFA14A
- UBER's page on the SEC website