Hi there, @GBuyalos.
You can use separate payroll items for Simple IRA contributions for employees below and above the age of 50 to have an easy way of reading your reports in the future. However, you'll still be asked to create the payroll item for the catch-up contributions to accommodate your employees' ages above 50.
Yes, you are asked to create one payroll item only leaving the default rate and limit fields blank to ensure that contributions are tracked accordingly once you assign the payroll items to your employees' profiles.
Kindly read and use this article to learn more about the payroll items of deductions and contributions: How to set up a retirement plan deduction or a company contribution in QuickBooks to track and tax i...
Let me know in the comments below if you have any other questions. Take care!
