SECURE2.0 Roth IRA

Good evening, @tracemetals.

How are you doing today? I hope all is well. 

I appreciate you reaching out about setting up SECURE 2.0 Roth SIMPLE IRA contributions in QuickBooks Desktop. Right now, this specific feature isn’t built into QuickBooks yet. 

Some of our users still track it by creating a manual after-tax deduction, but the tax reporting side would need to be handled outside of QuickBooks. If you're interested in this process, here's how you can set it up: 

1. Navigating to Lists, then Payroll Item List.
2. Choose Payroll Item, New, then Custom Setup.
3. Click on Deduction, then Next.
4. Naming the deduction (e.g., "Roth SIMPLE IRA (Manual)").
5. Link to the appropriate liability account.
6. Set Tax Tracking Type to None for after-tax deductions.
7. Complete the setup and assign the deduction to the employee profile.

For more information, check out Set up, change, or delete employee paid payroll deductions.

Please let me know if you have any additional questions or concerns. Take care!