Retirement deductions
able to categorize SEP and 401K/pre-taxed items
AdminPatris Genalyn
(Admin, QuickBooks Self-Employed)
shared this idea
Thank you for all the feedback! We totally agree with how important tracking retirement deductions is for your Estimated Taxes.
While we don’t have anything specific planned right now, we are reviewing your feedback and thinking through how we can best solve this problem. As soon as we have any updates to share, we’ll post them here.
105 comments
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Anonymous
commented
How do you expect people to pay monthly for software that isn't complete! You are giving me an incorrect estimated tax by not allowing the ability to enter SEP-IRA contributions. Over pay the government due to your flawed software, don't think so. I will be canceling my subscription!
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Chris
commented
Pitiful there is not an option to choose SEP or Solo 401k to categorize a payment. Come on people.
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Anonymous
commented
Please add a SEP IRA feature the maxed out 55k contribution significantly alters my estimated taxes
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Kevin Nelson
commented
basic function, very disappointed in the self employed product - looks like it's time to find something else...
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Jay
commented
Yikes, this thread / request goes back years! As a work around, I'm categorizing my SEP IRA contributions as 'Other Business Expenses'...any feedback on if this is an acceptable categorization would be appreciated.
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Anonymous
commented
SEP IRA feature in QB Online/Payroll please
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Anonymous
commented
Another request to add this feature. Seems like a no brainer to add to a program that is designed for small businesses.
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Anonymous
commented
Can we still not categorize 401K contributions in quickbooks self employed? I can't find the feature...
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jim
commented
Add it please
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Anonymous
commented
Still waiting on this... it really makes a difference to estimated tax!
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Anonymous
commented
Please add this feature.
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Shirls
commented
The struggle... IRA contribution is not even a mention on your search filter. Please.
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Anonymous
commented
Please add a SEP IRA feature! Thank you.
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tonsofsteel
commented
Why hasn't this been done yet??????
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Anonymous
commented
add category for SEP, Charitable donations and continuing education on the Self employed QB basic software.
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Bethany Morgan
commented
I'm amazed and pretty disappointed that this feature isn't a part of QB Self-Employed. Please add!
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KF
commented
I have to chime in to say this is completely unacceptable! You haven't even offered an alternative. This makes no sense.
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Ron Bandeira
commented
What is so hard about adding such a fundamental feature as a retirement account liability category that is taking so long?
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bryanward
commented
I agree that the inability to handle SEP and 401K/pre-taxed items is a major flaw. I was patient last after this came up last year. I will definitely be looking for a different product after it still has not been addressed.
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Anonymous
commented
This is extremely important for the self employed! If your'e going to market a Self-Employed product it only makes sense to add this to the categories.