Simple IRA maximum

Thanks for reaching out to the Community, lctv1958.

You can delete an employee's old contribution setup in QuickBooks and create a new one if necessary.

Since QuickBooks doesn't allow the same type to be used simultaneously, you can consider creating an IRS catch-up. The old one won't work if its limit has been reached, so you'll need to delete it and create a new one for it to be deducted again with the new catch-up limit.

Here's how:
 

1. From your Payroll screen, go to Employees.
2. Find and access and employee's profile.
3. In the Deductions & contributions section, click Edit.
4. Use your Trash bin icon to remove the contribution.
5. Select Save, then Done.

Now you can create a new contribution for your employee.

Please don't hesitate to send a reply if there's any additional questions. Have a wonderful Thursday!

Thank you. That doesn't seem to work, the max is still $20,000.

Good afternoon, lctv1958!

Thank you for providing that information. In the meantime, I recommend contacting our Customer Care team. They'll be able to pull up the account in a secure environment, conduct further research with you, and create an investigation ticket if necessary.

They can be reached while you're signed in. Here's how:

1. Use the Help (?) icon.
   
2. Click Contact Us.
   
3. Enter a description of your situation in the What can we help you with? field, then hit Let's talk.
   
4. Select Start messaging or Get a call.
   

Be sure to review their support hours so you'll know when agents are available. If there are any questions, I'm just a post away. Have a fantastic day!