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:
Mileage Expense (ME): The calculator return the mileage expense in U.S. dollars. It turns the following:
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:
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.
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
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.
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
| Country | $1.00 Equivalent | |
| Canadian Dollar | 1.366 CAD | |
| Euro | 0.932 EUR | |
| Great Britain Pound | 0.817 GBP | |
| Mexican Peso | 18.817 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") * ($1.0 " USD")/( "€ 0.932 EUR")`
The formula to convert Canadian Dollars per Liter to U.S. Dollars per Gallon is:
`DPG = Can$ CPL * (3.7854 " Liters")/(1.0 " U.S. Gallons") * ($1.0 " USD")/( "$ 1.366 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")/( "£ 0.817 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")/( "?18.817 MXN")`
where:
Note the currency exchange rates are updated every two minutes.
Additional Fuel Price Conversions: