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Deductions & credits
Yes, the auto-enrollment credit on Form 8881 has been investigated by the development team. There is no plan to make changes to how this form is prepared in TurboTax Business.
According to IRC Section 45E, an eligible employer must have at least one plan participant who was a non-highly compensated employee (NHCE); (NHCE includes a salary amount which adjusts each year due to inflation for example was $150,000 in tax year 2023 or anyone who owed 5% of more of the business).
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‎February 14, 2025
12:12 PM