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: 2022
- $62.5 USD/mi: Mileage Deduction for Business Travel
- $22.0 USD/mi: Mileage Deduction for Moving or Medical Travel
- $14.0 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:
- Cost to Drive: Fuel costs based on distance traveled, miles per gallon of vehicle, and dollars per gallon for fuel.
- Gas Mileage Equation: MPG based on two odometer readings and fuel consumed.
- Gas Mileage: MPG based on miles traveled and fuel consumed.
- Mileage Expense: Cost of travel based on mileage rate and distance traveled.
- Mileage Tax Deduction: Expense allocation based on miles traveled and category of travel (see below).
- Time to Travel: Time driving based on average speed and distance.
- Time to Overtake: Time to intercept based on distance between vehicles and average speed of both
- Compare US Dollars per Gallon vs Canadian Dollars per Liter prices
- Compute the Cost of a Road-Trip
- Euro Dollar Calculator combines unit conversions with currency conversions for the European Union and the United States.
- Fuel per Mile: This computes the fuel consumed per unit traveled (e.g. gallons per mile).
- Average Fuel Economy: This computes the miles per gallon or other fuel economy indicators (kilometers per liter)
- Energy in Diesel
- Energy in Gasoline
- CO2 from Burning an amount of Diesel Fuel
- Carbon Dioxide per Gallon Diesel
- Cost to Idle a Vehicle
- Carbon Tax
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: 2022
- $62.5 USD/mi: Mileage Deduction for Business Travel
- $22.0 USD/mi: Mileage Deduction for Moving or Medical Travel
- $14.0 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 | 1.357 CAD | |
| Euro | 0.926 EUR | |
| Great Britain Pound | 0.792 GBP | |
| Mexican Peso | 17.348 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") * ($1.0 " USD")/( "€ 0.926 EUR")`
The formula to convert Canadian Dollars per Liter to U.S. Dollars per Gallon is:
`DPG = Can$ CPL * (3.7854 " Liters")/(1.0 " U.S. Gallons") * ($1.0 " USD")/( "$ 1.357 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")/( "£ 0.792 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") * ($1.0 " USD")/( "?17.348 MXN")`
where:
- DPG = US Dollars per Gallon
- € EPL = Euros per Liter
- Can$ 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).