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December 8, 2022
Question

Is there a way to do an employee deduction for a Roth retirement and a Tax sheltered retirement that will show correctly on the W-2?

  • December 8, 2022
  • 1 reply
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1 reply

Adrian_A
December 8, 2022

Hi there, KJS88.

 

I'm here to guide you set up a retirement plan. There are different types of retirement plans supported in QuickBooks. They include:

 

  • 401(k) / 401(k) catch-up
  • Simple 401(k) / Simple 401(k)
  • 403(b) /403(b) catch-up
  • SARSEP / SARSEP catch-up
  • Simple IRA / Simple IRA catch-up
  • After-tax Roth 401(k)
  • After-tax Roth 403(b)

 

For the detailed steps to set up your preferred plan, you can check this reference: Set up a retirement plan. If you need further assistance with the steps or what accounts to use, I'd suggest reaching out to your accountant.

 

The amounts you or your employees contribute to a retirement plan must be reported on Form W-2. So the next time you pay your employees, make sure the retirement amounts are showing in their paychecks.

 

I'm just a post away if you have any additional questions about the retirement plans.