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Tax Tracking for Section 125 Plans in QuickBooks Payroll
Published 01/21/2010 | 
I found you on the QuickBooks Help Site I hope you don’t mind me contacting you. My figures on box 1 of my W3 and Box 16 are not the same. It looks like the problem has something to do with those employees that have health insurance and/or FSA. We are setup under cafeteria. Under payroll items the health insurance and FSA deductions are setup the same (taxes affected: Federal W/H, Medicare Company, Medicare Employee, Social Security Company, Social Security Employee and State W/H). The Tax Tracking Types on both are None should it be something else? Can you please tell me how to fix this?
Do you have a Section 125 plan? If so, the tax tracking type should be Premium Only/125.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.
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