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GigFinance
LN

Lisa Nguyen

Transportation Researcher, UCLA
Updated: January 18, 2026
Expenses

Depreciation

In This Article

Definition

Decrease in vehicle value over time, a major hidden cost of gig driving.

Related Terms

Actual Expenses Method
Tax deduction method calculating actual vehicle costs (gas, repairs, depreciation) multiplied by business use percentage.
Vehicle Costs
All expenses related to using a vehicle for gig work: gas, maintenance, insurance, depreciation.
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FAQs

Is depreciation a real cost?

Yes, your car loses value with each mile.

How much?

Included in standard mileage rate; significant for rideshare.

Similar Terms

Dead Miles

Miles driven without a paying passenger or delivery, such as driving to pickup locations or returning after drop-off.

Vehicle Costs

All expenses related to using a vehicle for gig work: gas, maintenance, insurance, depreciation.
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Last updated: January 18, 2026
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Important Disclaimer: This content is for informational purposes only and should not be considered tax, legal, or financial advice. Consult a qualified professional (CPA, tax attorney, or financial advisor) for advice specific to your situation.