IRS Mileage Increase in the middle of the Year

IRS Mileage increase in July from 58.5 to 62.5. How will quicken resolve this in the programing?

Comments

  • volvogirl
    volvogirl SuperUser ✭✭✭✭✭
    Where does it say 62.5?   This hasn't been updated
    https://www.irs.gov/tax-professionals/standard-mileage-rates

    I'm staying on Quicken 2013 Premier for Windows.

  • volvogirl
    volvogirl SuperUser ✭✭✭✭✭

    I'm staying on Quicken 2013 Premier for Windows.

  • Beekeeper Bob
    Beekeeper Bob Member ✭✭
    https://www.irs.gov/newsroom/irs-increases-mileage-rate-for-remainder-of-2022
    volvogirl
  • Beekeeper Bob
    Beekeeper Bob Member ✭✭
    > @volvogirl said:
    > Where does it say 62.5?   This hasn't been updated
    > https://www.irs.gov/tax-professionals/standard-mileage-rates

    https://www.irs.gov/newsroom/irs-increases-mileage-rate-for-remainder-of-2022
  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    It's not unusual for Q to be less than prompt in updating this table.
    BUT, TAXRATE.TXT is easily editable by you with the update if you so choose.
    Do a Win search for it, and note that it may be a Hidden file.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • UKR
    UKR SuperUser ✭✭✭✭✭

    Mileage rates used by Mileage Tracker in Quicken H&B

    The Mileage rates are stored in a datafile.  If you can't wait for Quicken to issue a software update with the latest numbers and if you know the numbers for the new year you can edit the file Milerate.txt using Notepad (while Quicken is closed)

    The actual location of the Milerate.txt file varies by Quicken version.

    Older versions: C:\ProgramData\Intuit\Quicken\Inet\Common\Localweb\Biz.

    Current version: C:\ProgramData\Quicken\Inet\Common\Localweb\Biz.

This discussion has been closed.