Vehicle Expense Calculator

Compare the Standard Mileage Rate vs. Actual Expense Method to find your biggest tax write-off.

Mileage Details

Total Miles Driven (Year)

Business Miles Driven

The percentage of total miles driven for business purposes. This determines how much of your actual expenses (gas, insurance, etc.) you can deduct.

Business Use: 80.0%

Actual Vehicle Expenses

Gas & Oil

Repairs & Maintenance

Insurance (Annual)

Registration & Fees

Depreciation is an annual income tax deduction that allows you to recover the cost or other basis of certain property over the time you use the property.
Vehicle Details (for Depreciation)

Purchase Price

Year Purchased

Vehicle Type

Recommended Strategy

Actual Expenses

Save an extra $1,400 / year

Based on your inputs, the Actual Expenses yields a higher tax deduction. Your high operating costs and depreciation make this the better choice despite the extra paperwork.

Save $1,400 on Taxes

Standard Mileage

Easy

Total Deduction$8,040

Est. Tax Savings: $1,930

Actual Expenses

Advanced

Business Use80.0%

Operating Expenses$3,840

Depreciation$5,600

Deduction for wear and tear on your vehicle based on its purchase price and age.

Total Deduction$9,440

Est. Tax Savings: $2,266

Note: This calculator provides estimates based on 2024 tax rules. Actual tax liability depends on your specific situation. Consult a tax professional before filing.

Save $1,400 on Taxes

Vehicle Expense Calculator

Mileage Details

Actual Vehicle Expenses

Depreciation is an annual income tax deduction that allows you to recover the cost or other basis of certain property over the time you use the property.Vehicle Details (for Depreciation)

Actual Expenses

Standard Mileage

Actual Expenses

Depreciation is an annual income tax deduction that allows you to recover the cost or other basis of certain property over the time you use the property.
Vehicle Details (for Depreciation)