Methodology: The Math Behind the Truth
Last updated: February 2026. Data Source: Official IRS Mileage Rates
1 Gross Revenue
This is the "big number" the apps show you. It includes your trip fares, tips, and bonuses. Most drivers stop here and think this is their income. It isn't.
2 Vehicle Expenses (The Silent Killer)
Your car is not free. Every mile you drive costs money in gas, tires, oil changes, and most importantly, depreciation.
IRS Standard Method
We use the current 2026 IRS business mileage rate of $0.76 per mile, effective July 1, as a consistent cost proxy. The January-June rate was $0.725. This is the government's official estimate of what it costs to operate a vehicle for business.
Actual Expense Method
If you select "My Vehicle", we calculate precise costs:
• Gas: (Miles / MPG) × Gas Price
• Depreciation: ~$0.15/mile (varies by car)
• Maintenance: ~$0.12/mile
3 Self-Employment Tax
Unlike W-2 employees, gig workers must pay the full FICA tax (Social Security + Medicare).
Rate: 15.3% generally applied to 92.35% of net earnings, subject to individual limits.