Adding Pre-Tax Deductions reduces the W2 Gross value which is incorrect.
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TroyT
Member ✭✭
Premier Version - R45.21 Build - 27.1.45.21
Windows 10 Enterprise
When adding a pre-tax deduction in the Paycheck Setup wizard the amount of the pre-tax deductions reduces the W2 Gross value.
I've done the following:
1.) Tested this on a VM.
2.) Tested on native hardware.
3.) Created a completely new quicken file with only a single account (checking).
4.) Makes no difference if you create your own Pre-Tax Seduction or a predefined Pre-Tax Deduction.
5.) Validated the quicken file - no errors.
6.) Logged out and then logged back in.
Anyone else seen this?
Windows 10 Enterprise
When adding a pre-tax deduction in the Paycheck Setup wizard the amount of the pre-tax deductions reduces the W2 Gross value.
I've done the following:
1.) Tested this on a VM.
2.) Tested on native hardware.
3.) Created a completely new quicken file with only a single account (checking).
4.) Makes no difference if you create your own Pre-Tax Seduction or a predefined Pre-Tax Deduction.
5.) Validated the quicken file - no errors.
6.) Logged out and then logged back in.
Anyone else seen this?
0
Comments
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I must be misunderstanding. A pre-tax deduction, like employee contribution to a 401(k) account, should reduce your W-2 box 1 income.
What do you mean by W-2 Gross value?
Quicken user since Q1999. Currently using QW2017.
Questions? Check out the Quicken Windows FAQ list0 -
That's is interesting and inconsistent with my pay check. I guess as long as the tax planning works correctly that is all that really matters. Just seems odd.0
This discussion has been closed.