I see where the IRS has increased the business mileage deduction rate to 48.5 cents per mile for the last four months of 2005.
Anyone know if Q H&B 2006 will allow multiple mileage rates in a single year?
New Business Mileage Rate
Sep 14, 2005
1 Replies
According to Intuit, one of the improvements added to Q2006 was that, "mileage rates are now always updated automatically". This sounds like it should make the answer to your question, "yes", but I have no way to verify if this is true, or how it is implemented.
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