Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- simple match for self employed
simple match for self employed
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
llfcpa
Level 3
04-07-2024
09:56 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Is there a calculation function within pro series to calculate the simple match for a self employed individual?
Labels
2 Comments 2
qbteachmt
Level 15
04-07-2024
10:56 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Did you mean "simple" as in easy? Or, SIMPLE as in SIMPLE IRA plan? Any retirement plan through their company has a plan document which tells you the terms of matching. For instance, SIMPLE IRA might be 3% match (not more than this, and not exceeding the $ limit, of course). The software you are using doesn't know the employer's plan details.
You can read here:
And here is a limit calculator that gives you Solo 401(k), SIMPLE IRA and SEP IRA $ limit calculations:
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
