cost per mile on your car
You may be able to use the standard mileage rate to figure the deductible costs of operating your car for business purposes. For 2016, the standard mileage rate for the cost of operating your car for business use is 54 cents per mile.
A new AAA reports shows, on average, the cost of driving 15,000 miles a year rose 1.17 cents to 60.8 cents per mile, or $9,122 per year. Overall, that's a roughly 2% increase on the cost of operating a car last year.Auto club AAA studies five cost categories â maintenance, fuel, tires, insurance and depreciation â for its annual Your Driving Costs study.The biggest percentage increase this year was in maintenance costs, which grew by 11.26% to 4.97 cents per mile, on average, for sedan owners.verall, that's a roughly 2% increase on the cost of operating a car last year. Auto club AAA studies five cost categories â maintenance, fuel, tires, insurance and depreciation â for its annual Your Driving Costs study.