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Rideshare Driver Calculator

Driving for Uber or Lyft? This calculator shows your actual hourly rate after gas, vehicle depreciation, insurance, and self-employment taxes. Spoiler: it's less than you think.

Rideshare driver Profit Calculator

Calculate your real hourly rate and net profit after expenses

πŸ’°Net Weekly Profit
$738.00
⏱️Effective Hourly Rate
$24.60
πŸ“ˆAnnual Profit
$38,376.00
β›½Gas Cost/Week
$42.00

Weekly Expense Breakdown

Gross Earnings$800.00
Gas Cost-$42.00
Other Expenses-$20.00
Net Weekly Profit$738.00
IRS Standard Mileage Deduction (reference β€” not subtracted)$210.00/wk
Tax Savings from Mileage Deduction (22% bracket, reference only)~$46.20/wk

Gas cost is calculated using your miles and MPG. Net profit = gross earnings βˆ’ gas cost βˆ’ other expenses. Hourly rate = net profit Γ· hours worked. For taxes, you choose EITHER the IRS standard mileage rate ($0.70/mile in 2026) OR your actual vehicle expenses (gas, repairs, insurance, depreciation) β€” never both. The mileage deduction is claimed on your tax return and does not reduce your cash profit directly.

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Rideshare driver calculator showing Uber and Lyft hourly earnings after expenses

Frequently Asked Questions

How much do Uber/Lyft drivers actually make after expenses?+

The average gross is $15-25/hour, but after gas ($2-4/hr), vehicle depreciation ($3-5/hr), insurance, maintenance, and self-employment taxes (15.3%), most drivers net $8-15/hour. Some markets are worse. This calculator shows your real hourly rate.

What expenses can rideshare drivers deduct?+

Deductible expenses: gas, vehicle depreciation (standard mileage rate or actual expenses), phone, phone mount, cleaning supplies, commercial insurance, tolls, parking, and a portion of your auto insurance. You can't deduct your time β€” only actual costs.

What is the standard mileage rate for 2026?+

The IRS standard mileage rate for 2026 is $0.70/mile. This covers gas, depreciation, maintenance, and insurance. You choose either the standard mileage rate OR actual expenses β€” not both. Most rideshare drivers save more with the standard mileage rate.

How much do Uber/Lyft drivers actually make after expenses?

The average gross is $15-25/hour, but after gas ($2-4/hr), vehicle depreciation ($3-5/hr), insurance, maintenance, and self-employment taxes (15.3%), most drivers net $8-15/hour. Some markets are worse. This calculator shows your real hourly rate.