The standard tax deduction for car travel is $0.70 / mile in the US, which accou... | Hacker News

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		amccollum 28 days ago \| parent \| context \| favorite \| on: Waymo seeking about $16B near $110B valuation The standard tax deduction for car travel is $0.70 / mile in the US, which accounts for things like insurance, gas, maintenance, and depreciation. So $500 / month is around 700 miles, which probably around 90% of US drivers surpass.

tanseydavid 28 days ago [–]

There is no tax deduction (in the US) for vehicle use that is non-business related.

zimzam 28 days ago | [–]

Correct, the person you are responding to is using it as a benchmark for the all-in cost of driving a vehicle on a per-mile basis.

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