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How do I setup a Roth IRA for the Oregonsaves program?

 
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QuickBooks Team

Re: How do I setup a Roth IRA for the Oregonsaves program?

You've come to the right place, Tommys.

 

I've got just the steps that'll help set up the Roth IRA. Let me walk you through the process:

 

Set up Deductions & Contributions

  1. Go to the Employees tab.
  2. Select the employee's name.
  3. In the Deductions & Contributions section, click Edit.
  4. Select Add a Deduction.
  5. Choose the following options in these drop-down menus:
    - Deduction: Select New Deduction.
    - Category: Pick the Retirement Plans option.
    - Type: Select After-tax Roth 401(k).
  6. Enter the Provider and Amount per period.
  7. Click Save.

For future reference, I'm also including this article: Set up a Roth 401(k) plan

 

That should do it. Let me know if you need further assistance with this, or if there's anything else I can do for you. Have a great day!