Rideshare True Profit Calculator

Discover what you really make driving for Uber or Lyft

โš™๏ธ True Car Operating Costs (Per Mile)
โ›ฝ
Gas Cost
$ per gallon / MPG
$0.095
๐Ÿ›ข๏ธ
Oil Change
$ every miles
$0.016
๐Ÿš™
Tires
$ for 4 tires every miles
$0.013
๐Ÿ”ง
Repairs & Maintenance
$ per year รท miles/year
$0.033
๐Ÿ“‰
Depreciation
Purchase Price
$
โˆ’
Expected Selling
$
รท
Lifetime Miles
$0.080
๐Ÿ›ก๏ธ
Car Insurance
$ per month รท miles/month
$0.027
๐Ÿ“Š Total Cost per Mile
$0.264
๐Ÿ’ฐ Profitability Calculator
๐Ÿ’ต
Earnings (After Platform Fees) Include tips
$
๐Ÿ›ฃ๏ธ
Total Miles Driven
(Search + Pickup Miles Included)
miles
โฑ๏ธ
Hours Online
(Search + Pickup Hours Included)
hours
๐Ÿš—
Vehicle Operating Cost
($0.264/mile ร— 120 miles)
$31.68
๐Ÿ“ˆ Profit Before Taxes
$56.22
๐Ÿ“‹
Tax Method
โœ…
Tax Deduction
-$84.00 $
120 miles ร— $0.70 (IRS standard) = $84.00
๐Ÿ“
Taxable Income
$3.90
๐Ÿ›๏ธ
Tax Rate 15.3% Self-Employment + % Income Tax
30.3%
๐Ÿ’ธ Total Tax Due
$1.18
๐Ÿ’ฐ PROFIT AFTER TAXES
$55.04
$11.01 per hour

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ยฉ 2024 Rideshare True Profit Calculator | Built with โค๏ธ by Neuralif