CYBER MONDAY SALE 70% OFF QuickBooks for 3 months*   Ends 12/5

Buy now
cancel
Showing results forΒ 
Search instead forΒ 
Did you mean:Β 
Announcements
Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

Reply to message

View discussion in a popup

Replying to:
lululime12
Level 3

Reply to message

Thank you for the reply. 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. What is the expected timeline for QBO to roll out this change?

Need to get in touch?

Contact us