ATO Cents Per KM Calculator
The cents per km calculator uses the 2023/2024 cents per km rate and allows you to estimate your business-related car expenses claim for the year. Try the Driversnote automated logbook app for automatic records of your business kilometres.
The ATO cents per km rate
The 2023/2024 cents per km rate is set at $0.85 per km driven for business with your personal vehicle.
Calculating your car expenses reimbursement
As an employee, generally, you will be reimbursed for your work-related car expenses from your employer. If your workplace will likely use the official ATO rate, although it is not obliged to do so. If you are reimbursed at the standard rate, you can use the cents per km calculator in this article to calculate the amount you can claim based on the kilometres you’ve driven for work.
If you are claiming car expenses at tax time, you will be able to use this cents per km calculator only if you use the cents per km method. If you claim actual vehicle expenses through the logbook or actual expenses methods, you will need to keep track of all car expenses you’ve incurred throughout the year as well as your kilometres. To learn more about claiming car expenses as self-employed, check our ATO car expenses guide for the self-employed.
Is there a limit to how much I can claim?
If you are claiming car expenses at tax time and use the cents per km method, you can claim up to 5000 kilometres per year. If you drive for more than 5000 km per year, we recommend you use the logbook method instead, which has no upper limit, to maximise your tax deductions.
Claiming your reimbursement
While using the cents per km calculator to get an overview of your reimbursement is fairly straightforward, keeping an ATO mileage log can be a bit overwhelming.
That is why we recommend using an ATO compliant logbook app for your logbook. The app can help you track your kilometres with ease, making sure you never forget to log a trip again. The app makes sure that your reports are ATO compliant and include all the necessary information for your reimbursement. You can generate PDF or Excel reports and send them over to your employer or accountant, saving a lot of time compared to other vehicle log book methods out there.
Learn about the rules of reimbursing employees for their car expenses or deducting expenses as an employee or self-employed individual.
If you are claiming vehicle expenses for business purposes, you must keep proper records in order for the ATO to approve your claim. We will walk you through...
The days of manually documenting a week's worth of information and struggling to remember the work errand you were running around 6:30 p.m. last Thursday are long gone, thanks to mobile apps that track your trips and produce compliant mileage logs.