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Home > Money & Services > Other Money & Services   »   Car pool charges

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Old Jul 2, 2008, 06:29 AM
Tommyjo206
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Car pool charges
How do I calulate how much to charge for car pooling? I own my car and get 32 mpg city and 37 Hwy. I currently may have just one additional rider.

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Old Jul 2, 2008, 06:33 AM   #2  
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The IRS has a standard calculation of what can be deducted for business mileage. Many buisinesses use that as their standard for reimbursements. So I think you can use it as your cost to determine car polling shares. I beleive they just raised it to 58.5 cents per mile, but you can check at Internal Revenue Service for the exact amount.

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smearcase agrees: That's as fair as possible. Are there parking costs? Rate prob doesn't cover parking.
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