For 2020, there are some payroll deductions that I need to adjust. The adjustments in question are for LTD deductions from employee paychecks.
Employee paychecks were deducted too much.
Since these errors were made in 2020, I would like to date the corrections for Dec. 31, 2020, but since I have to include it in a paycheck in 2021, is this possible?
payroll deduction adjustment
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Re: payroll deduction adjustment
In a word, no.neac wrote: ↑Tue Jan 26, 2021 2:41 pmFor 2020, there are some payroll deductions that I need to adjust. The adjustments in question are for LTD deductions from employee paychecks.
Employee paychecks were deducted too much.
Since these errors were made in 2020, I would like to date the corrections for Dec. 31, 2020, but since I have to include it in a paycheck in 2021, is this possible?
What were the deductions? If income taxes, they would get the funds back when they file.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.
Re: payroll deduction adjustment
It's a non-taxable benefit: Long-term disability
Re: payroll deduction adjustment
FWIW ... I would not try to refund, just adjust the amount deducted this year to make up the overage.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.