the deductions for my Simple IRA salary reductions are not calculating correctly.


1 person found this helpful

Hello there, kwc,

Currently, there's an ongoing issue with calculating the Simple IRA deductions in QuickBooks. This has been reported and our product engineers are now working for a fix.

We don't have an exact time frame as to when this will be fixed, I suggest contacting our QuickBooks Online Payroll Support Team to add your company to the list of affected accounts. This way, you'll be notified when the issue is resolved.

When adding the Simple IRA deduction to your employee's account, it's recommended to select the $ amount option in the Amount per pay period section so the system will calculate it correctly as a workaround.

Here's how: 

  1. Go to the Workers menu.
  2. Select the Employees tab.
  3. Select the name of the employee you want to edit.
  4. Click the Pencil icon beside Pay.
  5. Select the Pencil icon beside the name of Simple IRA deduction.
  6. Select the $ amount option on the Amount per pay period drop-down.
  7. Click OK.

I've attached screenshots below for your better view.

If you wish to know the detailed steps in setting up retirement deductions and contributions, this article will guide you how: Set up Retirement Deductions and Contributions.

Please let me know if you have other concerns. I'm just around if you need help.

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IntuitRea , Community Support Specialist
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