Enable a cap to be set for deductions such as HSA, 403B or Roth

1 votes

It would be helpful to be able to set a cap for HSA, 403B, or Roth to avoid over deducting one of these annually. Enabling the cap to be based on age for catch up deductions allowed would be a further benefit.

Reviewed: Need Further Info Suggested by: Michelle Allaire (18 Oct, '23) • Upvoted: 18 Oct, '23 • Comments: 2

Comments: 2

26 Oct, '23
John Michael Admin
Hi Michelle,
Thank you for the suggestion. Have you tried using a deduction code for these items to take advantage of the cap feature provided with them?
27 Oct, '23
Michelle Allaire
Could you provide a link I could use to learn this? I tried in my help index but could not quite find what I was looking for. One concern I had was automatically changing the cap for employees who aged up to 55 (for 403B) or 50 (for HSA) during the calendar year.