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Employees and payroll
Thank you for the replyt. So it sounds like the max contribuiton amount in QBO will automatically change soon to be compliant with the new provisions for 2024? And QBO will recoginize that I am a small employer and will apply the new, increased limits accordingly? The Secure 2.0 ACT, signed into law in Dec. 2022, is clear on the contribution limit increases for Simple IRAs beginning in 2024 and we are already half way through the year. I understand that the link to the IRS web page that you provided has not been updated to reflect all of the provisions of secure 2.0 Act but that information can be found elsewhere on the irs.gov site. What is the expected timeline for QBO to roll out this change?