Rideshare Vehicle Expense Calculator
Actual Expense Method
Calculate real vehicle cost per mile for rideshare/delivery
miles
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Formula
Cost/Mile = (Gas + Insurance + Payment + Depreciation + Maintenance) ÷ Total Miles
Frequently Asked Questions
What is the IRS mileage rate for 2024?
The 2024 IRS standard mileage rate is 67 cents per mile for business use. You multiply your business miles by 0.67 to get your deduction. This is simpler than tracking actual expenses and often more beneficial for newer, fuel-efficient vehicles.
Should I use IRS mileage or actual expenses for my rideshare taxes?
Use IRS mileage if you drive a fuel-efficient car with low operating costs — the flat 67¢/mile often exceeds actual costs. Use actual expenses if you drive a newer, expensive vehicle with high depreciation, insurance, or if you drive fewer miles. You must choose one method consistently.
What vehicle costs can rideshare drivers deduct?
Rideshare drivers can deduct the business portion of: gas, insurance, maintenance, depreciation (or lease payments), registration, and car washes. You cannot deduct personal commuting miles — only miles driven for the app (including deadhead miles between pickups).
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