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Pre-Tax Pension Deduction Question: Starting the the deduction with balance above zero
Greetings,
I am working on a scenario involving a pre-tax pension deduction within the State Retirement (Defined Benefit Plan) tax category.
I want to start a deduction for a new employee who has already contributed to the same deduction plan through another agency earlier in the same year.
How can I initialize the deduction element with a balance so it correctly accounts for the annual maximum contribution limit without affecting the year-end reportings (if any)?
Thank you.
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