retroactive SIMPLE IRA contribution

Hey there, @Goodnightocean. I'll share some insights on how QuickBooks track your Simple IRA.

Also, let me guide you on what's the best way to pay your payroll liabilities for SIMPLE IRA.

QuickBooks Desktop calculates the deduction for your IRA based on its type and rate. Thus, payroll liabilities for SIMPLE IRA need to be paid directly to your agency.

On the other hand, you can check with the IRS if it is essential to show the Simple IRA on the W2 to present it on your 1040 correctly.

To give you insights about the Simple IRA set up together with the taxes that can be paid in the system, you can always scan through these links:

• Set up a payroll item for retirement benefits (401(K), Simple IRA, etc.)
• Learn how to electronically file and pay 940, 941/944 forms in QuickBooks Desktop

Know that you can always get back to me here in the Community if you have any other questions about this topic. I'll be around to lend a helping hand. Have a nice day!

I have the same issue. Client wanted to wait to fund at the end of the year, so I need to make sure the w2 is correct. How can I do this in one check and not make the income go up?

Thanks for joining this thread, @Aspencer14.

I see that you posted the same question that my colleague answered. You can click this link to route you to the answer: https://quickbooks.intuit.com/learn-support/en-us/employees-and-payroll/re-simple-ira-annual-maximum...

For additional QuickBooks Payroll-related concerns, don't hesitate to reply to this post. Keep safe always.