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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

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ThomasJosephD
QuickBooks Team

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The 401(k) after-tax Roth Employee Contributions limit for individuals aged 50 and above is $31,000 in QuickBooks Online, ding2.

 

In alignment with IRS compliance regarding contribution limits, QuickBooks follows the limit of $23,500 for those under 50 years of age and $31,000 for those aged 50 and above.

 

The after-tax contribution for the Mega Roth Backdoor 401(k) plan enables you to save beyond the $31,000 limit set for after-tax Roth 401(k) contributions. However, please note that QuickBooks Online does not currently support this feature due to compliance with IRS contribution limits.

 

For potential workarounds, I recommend contacting your accountant to ensure that your W-2 and other end-of-year reports are accurate.

 

You can refer to the Learn about employee contribution limits section of this article for more information about employee contribution limits: Set up or change a retirement plan.

 

To obtain the essential information regarding your employees' deductions and contributions, you can generate a payroll reports in QuickBooks Online. For more information, please check this article: Run payroll reports.

 

Feel free to circle back to this thread so we can guide you once you have more questions about 401(k) after-tax Roth.

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