Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
MyPro CFO
Level 2

Roth Simple IRA payroll plan deduction setup

Employers must allocate any contributions to match designated Roth contributions into a pre-tax account. (i.e., traditional SIMPLE IRA contributions). If you don't yet have this, you can use the existing payroll item for these contributions or set up a new company contribution payroll item.

 

source: https://www.irs.gov/retirement-plans/retirement-plans-faqs-on-designated-roth-accounts 

Need QuickBooks guidance?
Log in to access expert advice and community support instantly.

Need to get in touch?

Contact us