Uber / Rideshare Driver Net Earnings Calculator
Calculate your true hourly earnings as an Uber or Lyft driver after fuel, vehicle wear, and other expenses.
Why Gross Pay Does Not Equal Your Earnings
Uber and Lyft show you gross pay — but as an independent contractor you pay your own expenses. The biggest costs are fuel and vehicle depreciation/maintenance.
Expense Estimates
- Fuel: (Miles Driven / MPG) × Gas Price per Gallon
- Vehicle Wear (maintenance + depreciation): ~$0.08 per mile (conservative estimate beyond fuel)
Net Hourly Calculation Net Weekly = Gross Weekly − Fuel Cost − Vehicle Wear Net Hourly = Net Weekly / Hours Worked
After-Tax Estimate As a self-employed driver you owe self-employment (SE) tax of 15.3% on net income, plus regular income tax. A simplified estimate for a typical driver in the 22% bracket: After-Tax Hourly ≈ Net Hourly × (1 − 0.153) × (1 − 0.22)
IRS Mileage Deduction You can deduct miles driven for work. The 2024 IRS rate is $0.67/mile. This can significantly reduce your taxable income — track every mile.
Annual Projection Annual Net = Net Weekly × 52