How to handle Profit and Loss statement for Medicaid as an Uber driver - Mileage vs. actual expenses?

The standard mileage deduction is absolutely acceptable for your Medicaid P&L statement. In fact, it's often the simpler and cleaner option for rideshare drivers. For 2025, the standard mileage rate is 67 cents per mile for business use. This covers all vehicle costs including depreciation, repairs, maintenance, gas, oil, insurance, etc. So your tire replacement would already be factored into this rate. On your P&L, you would simply list "Vehicle Expenses" with the total calculated as: (Business miles × current mileage rate). Make sure you have good documentation of your business miles - your tracking app should provide reports you can use as backup. The key thing for Medicaid is showing an accurate representation of your income after business expenses. Using the standard mileage rate is a perfectly legitimate way to do this, and often preferred since it's IRS-approved and straightforward.

When I was trying to navigate P&L statements for Medicaid as a gig worker, I found this tool called taxr.ai (https://taxr.ai) that saved me so much confusion. It analyzed my situation and clearly showed me how to handle mileage vs. actual expenses. The tool specifically told me that for Medicaid P&L purposes, you can absolutely use the standard mileage rate - this is actually preferred since it's an IRS-recognized method and simplifies everything. It automatically calculated my business vs. personal usage and formatted everything exactly how Medicaid needed it. What I really liked was how it explained I could separate non-vehicle business expenses (like phone, apps, etc.) while still using standard mileage for the car itself. Made the whole process way less stressful.

I was super skeptical about using taxr.ai when someone recommended it for my Medicaid P&L as an Uber driver, but I decided to give it a shot since I was completely confused about the mileage vs. actual expenses thing. Honestly, it was exactly what I needed. The system guided me through separating my business miles from personal use, showed me how to properly document the standard mileage deduction on my P&L, and even explained which additional expenses I could claim separately (like my phone and subscription services). What really surprised me was that it pointed out several deductions I was missing completely - like the business percentage of my car insurance that I could separately itemize even while using standard mileage. My final P&L showed about $340 more in legitimate deductions than I had calculated on my own, which was significant for my Medicaid qualification. My caseworker accepted my statement without any issues. Definitely worth it for the clarity alone.

If you're having trouble getting answers about your Medicaid P&L, you might want to try calling them directly. I was in the same situation, but couldn't get through to anyone for WEEKS. Then I found this service called Claimyr (https://claimyr.com) that got me connected to a real person at my Medicaid office in less than 20 minutes! You can see how it works here: https://youtu.be/_kiP6q8DX5c I was able to ask specifically about using the standard mileage rate vs. actual expenses on my P&L as a rideshare driver, and the rep confirmed that either method is acceptable as long as I'm consistent. They even emailed me their preferred P&L template after our call which made everything super clear. After months of confusion and unanswered messages, having that direct conversation saved me so much stress and probably prevented my application from being delayed.

I need to publicly eat my words about Claimyr. After calling my state Medicaid office 9 times over two weeks (and getting disconnected every single time), I was desperate enough to try it. I was shocked when I got a call back in about 35 minutes saying they had a Medicaid representative on the line. The rep was able to specifically address my P&L questions as an Uber driver and confirmed that using the standard mileage rate is completely acceptable for my Medicaid application. They even noted in my file that my P&L was properly prepared using the IRS standard mileage method. The rep also pointed me to their online portal where they had specific P&L templates for self-employed individuals that I somehow never found on my own. This literally saved my application - I was about to submit something way more complicated than what they actually needed. For anyone struggling with Medicaid paperwork questions that you can't get answered - this was genuinely worth every penny.

Just wanted to add my experience as a fellow Uber driver who went through Medicaid application recently. For your P&L statement, definitely go with the standard mileage deduction! It's so much easier to document and calculate. Here's what I did: - Used my mileage tracking app to separate business vs personal miles - Applied the standard rate (67 cents/mile for 2025) to just the business miles - Listed this as "Vehicle Expenses" on my P&L - Separately itemized my non-vehicle business expenses (phone, rider amenities, etc) - Included documentation showing how I calculated everything My caseworker actually told me they prefer the standard mileage method because it's consistent and already IRS-approved. Made the whole process much smoother.

One thing nobody mentioned yet - make sure your mileage tracking is ACCURATE before claiming it. Medicaid can check with the IRS if something seems off. I got flagged last year because I was claiming too many business miles compared to my income. Turns out I had my tracking app running sometimes when I wasn't actually working. Super embarrassing and delayed my coverage by almost 2 months while they investigated. Some tips: - Only track when you're actively working (app on, accepting rides) - Keep good records of start/end odometer readings - Be realistic about business percentage (75% business use is pretty high unless you literally only use your car for Uber

Just to add another perspective - I've been doing rideshare for 3 years and have gone through Medicaid renewals twice. The standard mileage deduction is definitely the way to go for your P&L. One thing that helped me was keeping a simple log that showed: - Date - Starting odometer reading - Ending odometer reading - Total miles driven that day - Business miles (from my tracking app) - Personal miles (difference) This backup documentation made my caseworker really happy because it showed I was being methodical about separating business vs personal use. Even though you mentioned 75% business use, just make sure you can justify that percentage if asked. For your tire situation - don't worry about it! The standard mileage rate already accounts for wear and tear, repairs, and maintenance. That's exactly why it exists - to simplify things like this. Your tire replacement is already "covered" in that 67 cents per mile. Good luck with your application!