Tommyjo206
Jul 2, 2008, 07:29 AM
How do I calculate 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.
ScottGem
Jul 2, 2008, 07:33 AM
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 believe they just raised it to 58.5 cents per mile, but you can check at Internal Revenue Service (http://www.irs.gov) for the exact amount.