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December 3, 2023
Question

Not able to add catch up contribution : Here is the error "you cannot select Regular & Catchup deductions of the same type".

  • December 3, 2023
  • 1 reply
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Not able to add catch up contribution of $ 7500  : Here is the error "you cannot select Regular & Catchup deductions of the same type".

1 reply

JoesemM
December 3, 2023

Let me share the steps to add your catch-up contribution and resolve the error message you've gotten, @mjoycthomas.

 

When setting up a retirement plan for your employees in QuickBooks, you can only choose one deduction for your 401k contribution. If you've already set up a 401k contribution, this may be the reason why you're receiving an error message when attempting to add the catch-up contribution.

 

That said, you'll need to delete the other contribution that you've already set up. Let me guide you on how:

 

  1. Go to the Payroll tab and select Employees.
  2. Select the employee's name.
  3. From the Deductions & Contributions section, click Edit
  4. Choose the deduction you want to remove by clicking the Trash bin icon.

 

Once done, you may want to add a new 401k Catch-up retirement plan. See the steps below:

 

  1. Go to the Payroll tab and select Employees.
  2. Select the employee's name.
  3. From the Deductions & Contributions section, click Edit
  4. Click the + Add deduction/contribution.
  5. In the Deduction/contribution dropdown arrow, select the + Add deduction/contribution.
  6. Choose Retirement plans in the Deduction/contribution type.
  7. On the Type dropdown, choose 401 (k) Catch-up.

 

For more details about setting up deductions in QuickBooks, see this article: Set up a retirement plan.

 

Moreover, I'll include these links about the yearly retirement plan contribution limits and managing payroll reports:

 

 

Please know that you're always welcome to comment below if you have other concerns or follow-up inquiries about managing your contributions in QBO. I'm just around to help. Take care always.

December 16, 2023

I am receiving the same error message. I need to a one time contribution for both 401k contribution ($22500) and 401k catch-up ($7500) for a total of $30,000. How do I reflect both contributions if I can only have one deduction? Thanks in advance

December 16, 2023

I am also reading other posts that QB is only allowing maximum of $22,500 not $30,000. In looking at 401k deduction the greyed out maximum box states $22,500. In looking at the 401k catch-up the greyed out maximum box states $30,000. But again, I am unable to add both deductions to my employee that we are doing a one time bonus check to cover the full $30,000.