Turo Host Taxes in Nevada - 2025 Guide

Updated for 2025 (Filing 2024 Taxes)

Is Turo Host income taxable in Nevada?

Yes, income earned as a Turo host is taxable at the federal level. You’ll report your Turo earnings and expenses on Schedule C (Profit or Loss From Business) of Form 1040. This form is used to calculate the profit or loss from your Turo business. You'll need to track all income received from Turo rentals, as well as all related expenses (more on those below!).

However, Nevada is one of the few states with no state income tax. This means you will not need to file a Nevada state income tax return, nor will you owe any state income tax on your Turo earnings. Your tax obligations are solely federal.

Top Tax Write-offs for Turo Hosts

As a Turo host, you can significantly reduce your tax liability by claiming eligible business expenses. Here are some key deductions:

• Mileage: For 2024, the standard mileage rate is approximately 67 cents per mile for business use. You can deduct this amount for miles driven while your car was rented, and for miles driven for services directly related to your Turo business (e.g., cleaning, maintenance). Keep a detailed mileage log!
• Vehicle Depreciation: You can deduct a portion of the cost of your vehicle each year as depreciation. There are different methods (e.g., standard mileage vs. actual expenses), and depreciation rules can be complex. Consulting with a tax professional is recommended to determine the best method for your situation.
• Cleaning & Maintenance: Expenses for cleaning, oil changes, tire rotations, repairs, and other maintenance directly related to preparing and maintaining your vehicle for rental are deductible.
• Turo Fees & Software: The fees you pay to Turo, as well as the cost of any software or apps used to manage your Turo business (e.g., scheduling tools, expense trackers) are deductible.

The 15.3% Self-Employment Tax Surprise

Many first-time Turo hosts are surprised by self-employment tax. When you work for an employer, they pay half of your Social Security and Medicare taxes. As a self-employed individual (like a Turo host), you are responsible for both the employer and employee portions. This combined rate is 15.3% (12.4% for Social Security and 2.9% for Medicare).

You’ll calculate this tax on Schedule SE (Self-Employment Tax) of Form 1040. However, you only pay self-employment tax on your profit (income minus expenses) and only if your net earnings are $400 or more. You do get to deduct one-half of your self-employment tax from your adjusted gross income.

Closing Tip for Nevada Residents

While Nevada’s lack of state income tax simplifies things, diligent record-keeping is crucial for maximizing your federal tax deductions as a Turo host. Keep detailed records of all income and expenses, including mileage logs, receipts, and invoices. Consider using accounting software designed for self-employed individuals. Tax laws can be complex, so don’t hesitate to consult with a qualified tax professional to ensure you’re complying with all applicable regulations and taking advantage of all available deductions.