View Full Version : Mileage rates?
Kirk Gittings
26-Jun-2008, 13:58
Just curious. What are people billing for mileage these days? I am putting together a proposal for a Boston Architect.
Brian Vuillemenot
26-Jun-2008, 14:42
Our mileage rate at my day job just went up from $0.50 to $0.585
Walter Calahan
26-Jun-2008, 14:44
IRS rules that you can deduce $0.585 cents per mile driven starting July 1.
Many people charge more.
Greg Lockrey
26-Jun-2008, 19:40
I always charged twice actual cost of gas to factor in ware and tear. My van goes 12 mpg. But these are just for out of area jobs.
MIke Sherck
26-Jun-2008, 20:45
memo at work today: $0.585 per mile, effective July 1.
Mike
At my magazine, we went by the IRS rule, and most photogs found that acceptable.
Jim Ewins
10-Aug-2008, 21:21
Why not charge actual costs plus normal markup for expenses? Unless you have no idea what the costs are.
jetcode
10-Aug-2008, 23:29
I tally expenses vs mileage and use the higher deduction.
gregstidham
11-Aug-2008, 05:13
I made a spreadsheet to calculate my total vehicle overhead ($6200), minimum miles driven (17000), price per gallon, and vehicle miles per gallon.
I don't usually charge much profit on this since it tends to anger clients, but I think it is fair to cover my costs at the minimum. I end up with about 5% profit anyhow.
As the price of gas or other variables change, I make adjustments for my billing needs.
At $4.00 per gallon these are the price per mile to cover my costs:
My Subaru (Average 24MPG) - $.53 per mile.
If my car got 20MPG - $.56 per mile
18MPG - $.59 per mile
15MPG - $.63 per mile
12MPG - $.70 per mile
i make a killing on mileage. i buy cars very cheap (read $500) and maintain them myself. (i am a mechanic and body man at my "real" job).
my car has been running trouble free for almost a 80,000miles. it now has 195,000 on it. it gets 28-32 MPG depending on the time of year and how fast i drive. surprisingly i get about 30MPG at 80MPH!. i drove the most miles ever this year. should be able to write off more than i need.....
eddie
Jim Jones
13-Aug-2008, 06:26
Many decades ago I found the total cost of owning and operating an older car was about four times the cost of gasoline. Until recently this seemed true of modern cars.
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