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December 20, 2021
Question

Need to make a catch up Simple contribution, have already maxed "regular" Simple contribution - don't see a way to make the additional $3000 deduction from payroll

  • December 20, 2021
  • 1 reply
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I have not had good luck with "the community" to date. If someone could answer this promptly I would be grateful

1 reply

December 21, 2021

Hello, normsroofing.

 

Thank you for visiting the QuickBooks Community. I'll be sharing details on how Catch up simple contribution works in QuickBooks Online. 

 

Each retirement plan has an annual limit. The 401(k) is used for employees under 50, while the 401(k) Catchup is used for employees 50 years of age and over (includes employees turning 50 in the same calendar year).  

 

 To learn more about retirement plans and available pay types in QBO: 

 

 

Keep me posted on how it goes. If you have other payroll concerns or inquiries about retirement plan deduction in QBO, you can drop a comment below. I'm just around to help. Take care, and wishing you continues success.