Rideshare True Profit Calculator

⚙️ True Car Operating Costs (Per Mile)

⛽

Gas Cost

$ per gallon / MPG

$0.095

🛢️

Oil Change

$ every miles

$0.016

🚙

Tires

$ for 4 tires every miles

$0.013

🔧

Repairs & Maintenance

$ per year ÷ miles/year

$0.033

📉

Depreciation

Purchase Price

−

Expected Selling

Lifetime Miles

$0.080

🛡️

Car Insurance

$ per month ÷ miles/month

$0.027

📊 Total Cost per Mile

$0.264

💰 Profitability Calculator

💵

Earnings (After Platform Fees) Include tips

🛣️

Total Miles Driven

(Search + Pickup Miles Included)

miles

⏱️

Hours Online

(Search + Pickup Hours Included)

hours

🚗Vehicle Operating Cost
($0.264/mile × 120 miles)
$31.68

                        📈
                        Profit Before Taxes
                    
$56.22

📋

Tax Method

✅

Tax Deduction

-$84.00 $

120 miles × $0.70 (IRS standard) = $84.00

📝

Taxable Income

$3.90

🏛️

Tax Rate 15.3% Self-Employment + % Income Tax

30.3%

                        💸
                        Total Tax Due
                    
$1.18

Rideshare True Profit Calculator

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