Skip to main content
February 27, 2024
Question

I converted to QB online. My Simple IRA payroll deduction is coming out post-tax and not pre-tax. I used the built-in QB Simple IRA deduction. How do I make it pre-tax?

  • February 27, 2024
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

February 27, 2024

Hello, @ssmith-newcastle.

 

I'm here to guide you to get the best help available in handling your tax deductions in QuickBooks Online (QBO).

 

To make Simple IRA contributions pre-tax in QBO, you need to ensure that the deduction types are set up correctly. Moreover, you can set up pre-tax items in your QuickBooks Online Payroll by editing a retirement plan. Here's how:

 

  1. Go to Payroll, then Employees.
  2. Select your employee.
  3. From Deductions & contributions, select Start or Edit.
  4. Select Edit next to the deduction/contribution you want to modify, then make your updates. 
  5. When finished, select Save, then Done.

 

Furthermore, you can also check what items that move over to QuickBooks Online. I'd also recommend consulting with a tax adviser or accountant for further guidance. This way, we'll ensure the accuracy of your accounts after recording this.

 

Here's an article about managing your payroll reports in QuickBooks Online that you can use in the future: Run payroll reports in QuickBooks Online.

 

 Let me know if there's anything else I can do for you about handling retirement plans. I'd be glad to help you. Take care!