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July 7, 2022
Question

How do I record health insurance premium?

  • July 7, 2022
  • 1 reply
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split transaction?

1 reply

July 7, 2022

Welcome to the QuickBooks Community, @mbb95901.

 

I'm here to help record health insurance premium in QuickBooks Online (QBO).

 

When setting up health insurance in QBO, the taxes are calculated on the reduced salary amount, which results in less income tax. To set it up, you can follow the steps below:

 

  1. Sign in to your QBO account.
  2. Click Payroll from the left menu, then select Employees.
  3. Select the employee you want to record health insurance.
  4. On the employee's profile, click Edit employee.
  5. Go to section 5 and select + Add/edit deductions.
  6. Choose Deduction/contribution from the Deduction/contribution or garnishment drop-down. Then, select Health Insurance from the Deduction/contribution type.
  7. Enter the provider and the amounts for Employee and Company-paid fields. 
  8. Fill out the necessary information.
  9. Click OK.

 

You may also want to read this article: Understand supported pay types and deductions in QuickBooks Online Payroll. This will give you some helpful definitions and also explain how each item impacts taxes and tax forms in QBO.

 

Please let me know if you need clarification about this, or if there's anything else I can do for you. I'll be standing by for your response, @mbb95901.