lululime12
Level 3

Simple IRA max contribution adjusment, 2024 Secure 2.0 ACT (employers with fewer than 26 employees)

Now that the Secure 2.0 Act allows for higher contribution limits to SIMPLE IRA in 2024 for employers with fewer than 26 employees, how do you adjust the default maximum contribuiton/deduction limit that is locked in on quickbooks online. For our small company, we need to change to a max annual deduction of $17,600 and a max of $21,450 for simple ira with catchup. Please help.