The Mileage Tax Deduction or Expense calculator computes the current value of mileage based on the miles travelled and the category of travel.
INSTRUCTIONS: Choose units and enter the following:
- (M) Distance Traveled
Mileage Expense (ME): The calculator return the mileage expense in U.S. dollars. It turns the following:
- Calendar Year of expense
- Value of miles at business travel rate.
- Value of miles at moving or medical travel rate
- Value of miles at charitable travel rate
The Math / Science
This equation returns the U.S. tax deduction or mileage expense associated with Standard Mileage Rates in the United States. The user can enter their distance traveled and the calculator returns the mileage expense value.
The most recently queried information includes:
- Mileage Calendar Year: 2024
- $0.67 USD/mi: Mileage Deduction for Business Travel
- $0.21 USD/mi: Mileage Deduction for Moving or Medical Travel
- $0.14 USD/mi: Mileage Deduction for Charitable Donation Travel
http://www.irs.gov/Tax-Professionals/Standard-Mileage-Rates
Use these deductions rates in the Mileage Tax Deduction Calculator. It computes tax deductions from miles travelled. Just enter the miles traveled and see the dollar amount associates for business, moving or medical, and charitable work.
Road Travel Calculators and Collections
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- Road Travel Calculator: Eleven (11) functions associated with road travel in North America (Canada, United States and Mexico).
- US Travelers Abroad Calculator: Twelve (12) functions converting weights and volumes for products in foreign currencies to and from their equivalent in US units (volume, weight and dollars).
Road Travel Equations
- Approach Angle: Computes the maximum angle of a ramp or other incline onto which a vehicle can climb without interference (scraping) the ramp or incline.
- Breakover Angle: Computes the maximum angle that a vehicle can drive over without the ground touching the vehicle's undercarriage.
- Canadian Dollars per Liter to US Dollar per Gallon: Computes the price of gasoline or diesel in U.S. dollars per gallon based on the price per liter in Canadian Dollars.
- Compare US dollars per Gallon with Canadian dollars per Liter: Price compares two items where one is in U.S. dollar per Gallon vs another in Canadian dollars per Liter. It identifies the least expensive and the percent difference.
- Compute the Cost of a Road-Trip
- Cost to Drive: Computes the fuel cost and mileage expense of a road trip based on the distance, miles per gallon, cost per gallon and whether the trip was for Personal, Business, Moving or Medical, Charitable purposes.
- Cost to Idle: Computes the total fuel cost of idling a number of vehicles based on the fuel consumption rate at idle, the cost of fuel and the duration of time at idle.
- Fuel Cost over a Distance: Computes the cost of fuel for a trip based on the distance, fuel efficiency (mpg) and the price of fuel.
- Fuel Dollars per Mile: Computes the average fuel (gas/petrol) expense per unit distance (mile and kilometer) based on the mileage rate (miles per gallon) and cost per unit fuel (dollar per gallon).
- Fuel per Mile: Computes the average fuel consumption per mile.
- Gas Mileage: Computes the average fuel economy in average miles per gallon based on the distance traveled and the fuel consumed.
- Gas Mileage Equation: Computes the average gas mileage based on the starting odometer reading, the current odometer reading and the total gallons used between the two.
- Mexican Pesos per Liter to US Dollars per Gallon: Computes the price of gasoline in U.S. dollars per gallon based on the entered price of Mexican Pesos per Liter.
- Mileage Tax Deduction: Expense allocation based on miles traveled and category of travel (see below).
- Speed to Overtake by Distance: Computes the average speed required to overtake a vehicle based on the speed of the vehicle, the head start, and the total distance.
- Time to Overtake: Time to intercept based on distance between vehicles and average speed of both
- Time to Travel: Time driving based on average speed and distance.
- Travel Distance on a Gas Budget: Computes the miles one can travel in a week based on a budget amount, price of fuel, and vehicle fuel efficiency.
- US Dollar per Gallon to Canadian Dollar per Liter: Computes the price of gasoline in Canadian dollars per liter based on the price per gallon in U.S. Dollars.
- Vehicle Miles Traveled: Computes the distance a vehicle has traveled based on the speed and duration of travel.
Data Items
- Mileage Deduction Calendar Year
- Mileage Deduction for Business Travel
- Mileage Deduction for Moving or Medical Travel
- Mileage Deduction for Charitable Donation Travel
Datasets
Money and Travel
The US Mileage Rate for Business Travel shows the dollars per mile deduction for business travel for the calendar year. The most recently queried information from the IRS website on mileage includes:
Mileage Calendar Year: 2024
- $0.67 USD/mi: Mileage Deduction for Business Travel
- $0.21 USD/mi: Mileage Deduction for Moving or Medical Travel
- $0.14 USD/mi: Mileage Deduction for Charitable Donation Travel
Use these deductions rates in the Mileage Tax Deduction Calculator. It computes tax deductions from miles travelled. Just enter the miles traveled and see the dollar amount associates for business, moving or medical, and charitable work.
Dollar per Gallon vs Other Currencies per Liter
International travel poses a several challenges, even if it's just over the boarder to Canada or Mexico. First, there is the conversion from liters to gallons, which is fixed, and then there's the conversion between the US dollar and other currency, which is constantly changing. vCalc is here to help. We know how to do the math and we keep track of currency fluctuations, and the result makes it easier on you.
Here are four examples, US dollar per gallon from
- Euros per Liter
- Canadian Dollars per Liter
- Great Britain Pounds per Liter
- Mexican Pesos per Liter
| Country | $1.00 Equivalent | |
| Canadian Dollar | 1.445 CAD | |
| Euro | 0.964 EUR | |
| Great Britain Pound | 0.794 GBP | |
| Mexican Peso | 20.376 MXN |
The formula to convert Euros per Liter to U.S. Dollars per Gallon is:
`DPG = € EPL * (3.7854 " Liters")/(1.0 " U.S. Gallons") * ($1.0 " USD")/( "€ 0.964 EUR")`
The formula to convert Canadian Dollars per Liter to U.S. Dollars per Gallon is:
`DPG = Can$ CPL * (3.7854 " Liters")/(1.0 " U.S. Gallons") * ($1.0 " USD")/( "$ 1.445 CAD")`
The formula to convert Great Britain Pounds (Sterling) per Liter to U.S. Dollars per Gallon is:
`DPG = £ PPL * (3.7854 " Liters")/(1.0 " U.S. Gallons") * ($1.0 " USD")/( "£ 0.794 GBP")`
The formula to convert Mexican Pesos per Liter to U.S. Dollars per Gallon is:
`DPG = ? PPL * (3.7854 " Liters")/(1.0 " U.S. Gallons") * ($1.0 " USD")/( "?20.376 MXN")`
where:
- DPG = US Dollars per Gallon
- € EPL = Euros per Liter
- Can$ CPL = Canadian Dollars per Liter
- £ PPL = Pounds per Liter
- ? PPL = Pesos per Liter
Note the currency exchange rates are updated every two minutes.
Additional Fuel Price Conversions:
- US Dollars per Gallon from India Rupees per Liter
- US Dollars per Gallon from Japanese Yen per Liter
- US Dollars per Gallon from Chinese Yuan per Liter
- Compare US Dollars per Gallon vs Canadian Dollars per Liter prices
- Fuel per Mile: This computes the fuel consumed per unit traveled (e.g. gallons per mile).