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csowers
Level 1

Tax Tracking Type

What Tax Tracking Type do I choose for Employee paid insurance that is pretax? I currently have HSA and that Tracking Type is clearly identified as "HSA Emp. (Pretax)". I'm using QB Premier Desktop. Thanks!

5 Comments 5
BigRedConsulting
Community Champion

Tax Tracking Type

It seems you've found the type to use (??)

csowers
Level 1

Tax Tracking Type

I do not know what type to choose for insurance that is to be pre-tax. I was merely stating that for HSA, it is clear what "type" to choose. I still need assistance! Thanks!

csowers
Level 1

Tax Tracking Type

No, HSA was clearly stated in the Tax Tracking Type. I don't know what to choose for Cancer Insurance, etc. that is pre-tax. Thanks!

RenjolynC
QuickBooks Team

Tax Tracking Type

Thanks for your reply, csowers.

 

I'm here to share some details about your concern.

 

A tax tracking type determines how the payroll item appears on the tax forms. If you're unsure what to select, I recommend contacting your Health Insurance Administrator. They're the ones who decide what is taxability of the Cancer Insurance. 

 

Once you have the information, you can follow the step by step instructions in this article: Set up a payroll item for an insurance.

 

To learn more about QuickBooks Desktop Payroll, feel free to check out this link: Payroll 101.

 

You can always leave a reply on this post if there's anything else you need. I'll be around to help you out some more . Have a great day ahead!

BigRedConsulting
Community Champion

Tax Tracking Type

I don't know what "Cancer Insurance" is?  Sounds like health insurance.

 

It depends on how this insurance is reported on tax forms, if at all, and whether it is pre-tax or post-tax.

 

As an employee, my health insurance deduction was never pre-tax, but I suppose such a thing might exist.

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