Frequently Asked Questions
What is the IRS standard mileage rate?
For 2025, the IRS standard mileage rate is $0.67 per mile. This represents the full cost of operating a vehicle including fuel, maintenance, repairs, depreciation, insurance, and registration. It is what businesses can deduct for vehicle use.
How much should I value commute time?
A common rule is half your hourly wage if commuting is unproductive (driving), or near-full wage if you can work or learn during the commute (transit). The calculator default of $25/hour reflects roughly median US wages.
Do EVs have lower commute costs?
Yes - electricity per mile averages $0.04-0.07 vs $0.10-0.15 for gas at $3.50/gal. EVs also have lower maintenance costs (no oil changes, fewer brake replacements). Total wear estimate drops to about $0.40-0.55/mile per IRS-equivalent analysis.
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Estimates for informational purposes only.
Important Disclaimer: Estimates for informational purposes only.
This calculator provides estimates for informational purposes only. Results are based on assumptions and may not reflect actual outcomes. Consult qualified professionals in relevant fields before making important decisions based on these results.