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Starting in 2024, if the taxpayer has income of at least $145,000 for the year, the catch-up contribution must be treated as a Roth contribution .
My Question: Will HRMS have an update that will handle this or is there something that I will need to…
We had a PTO earnings type that was NOT included in the 401k deduction calculation and match. It only affected six individuals and we know the amounts. How do we make that correction in Sage for year 2022 before we issue W2?
Create/start a separate…
Is anyone having an issue with HRMS not allowing a 401k withholding of 19,000? Our payroll system is stopping the withholding at 18,500 despite the rule saying 19,000. We've also changed annual amount on pay tab to 19,000.