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The IRS mileage rate is $0.545 per mile, and is supposed to be a realistic average for car expenses. Edit: per mile, not per hour. Oops! fixed the rate, too
by skookumchuck 9y ago
The IRS mileage rate is $0.545 per mile, and is supposed to be a realistic average for car expenses.
Edit: per mile, not per hour. Oops! fixed the rate, too
- tgb 9y ago$0.56 per mile not hour! (Though I see $0.545 per mile [1].) [1] https://www.irs.gov/newsroom/standard-mileage-rates-for-2018-up-from-rates-for-2017 https://www.irs.gov/newsroom/standard-mileage-rates-for-2018...
- deleted 9y ago[deleted]
- ghaff 9y agoIt's supposedly more or less an average across car types and includes a percentage of fixed costs however. It's almost certainly high for a driver who would own a car anyway and has an economical vehicle that optimizes for Uber driving. It's going to be a range depending on the driver though 25 cents per mile (all miles, not just those with a passenger) is probably near the bottom end.
- skookumchuck 9y agoIf I was an Uber driver, that's the rate I'd use for tax accounting purposes.
- fastball 9y agoThat's for any car though. Most Uber drivers are driving Priuses or similar and therefore have much lower costs.
- deleted 9y ago[deleted]
- skookumchuck 9y agoThe study would do well to use such a figure, as it is objective and sets a reasonable upper bound on the costs.
- fastball 9y agoWhy is it better to use a upper bound rather than a more realistic estimate?
- skookumchuck 9y agoBecause it is 1) conservative and 2) a "realistic" figure has unknown variance.