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nazderian
December 28, 2024
Question

401k Settings in Payroll

  • December 28, 2024
  • 1 reply
  • 0 views

I need the Retirement Box on my W-2 to show as unchecked this year. I tried going through the W-2 annual filings which allows you to make the retirement plan "Inactive" but it still shows up on the W-2 even with inactive checked.

 

Then I tried to update my 401k plan in the Payroll Setup area, but when I try to turn off my  401k, it tells me my "401(k) plan is managed by Guideline" and I have to edit it on Guideline's website. BUT, I don't use Guideline. All of my retirement is handled by me on Fidelity. Further, I wrote to Guideline to ask them if they have an account with me and they don't. 

 

So, my question is - how do I get that 401k box to show unchecked on my W-2 this year? Also, tried editing payroll items under "Lists" making the 401k inactive - and that didn't affect the change on my W-2 either. I have not taken a 401k deduction this year so that would not be the reason it is showing up, either. 


Is this a glitch? Or is there some way to get it to have my W-2 not show me having a retirement plan?

 

I'm on Quickbooks Desktop Pro and Enhanced Payroll.

1 reply

J
JoanaC
December 28, 2024

Thank you for posting your concern, @nazderian. Let's work together to ensure your 401k is not reflected on your W-2 form.

 

We can update your QuickBooks Desktop and the payroll tax table to the latest version, allowing us to modify the settings and deselect the box for 401(k) contributions on your W-2 form. This update ensures that your financial records stay accurate and compliant with the latest regulations.

 

First, we need to check if you have the latest release:

 

  1. Run QuickBooks Desktop, and press F2 or CRTL=1 to open the Product Information window.
  2. Check your current version and release.

See if you have the latest release available for your QuickBooks Desktop version:

Install the Update:

 

  1. Click Update available and select Install now.
  2. Allow the update to install so you can relax, as it may take some time.
  3. Open QuickBooks Desktop once the update is installed.

 

After the update, you can visit this link to download the latest tax table for your payroll. If you still have the same issue after the updates, I recommend contacting our support to investigate this further, as they have a secure environment to pull up your data.

 

Moreover, check out this article to learn more about the update of QuickBooks Desktop payroll: Get the latest payroll news.

 

Let me know if you still have other questions about your Tax forms. We'll be here 24/7 to guide you. Have a great day.

N
nazderianAuthor
December 29, 2024

Thank you so much for getting back to me. 

I'm having a little bit of a challenge knowing what version I'm on? I'm on automatic updates, so it downloads updates, but I think it shows me on a 2022 version? But also shows me downloading the 12/11 version. So I'm not sure what to do from here. See attached. 

 

 

[removed attachment]

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