FAQs

Question: How do I enter optical insurance and other payroll deductions that are not explicitly listed?

Answer: One approach is to enter them all under Dental Insurance, with a footnote explaining that the number includes dental, optical, etc.

Another approach is to go to the Living Expenses screen (Client Info > Income & Expenses > Living Expenses).

On that screen, at the bottom, there are a number of write-in items.

You can enter "optical" (etc.) there, and specify the Tax category as either "FSA, Flex, Caf, etc." or "Payroll Dedn - Not FSA."

If the deduction is a Flexible Spending Account or Cafeteria Plan, you would choose the former.

If the deduction is a payroll deduction, but not a Flexible Spending Account or Cafeteria Plan, you would choose the latter.

The choice you make here has a slight impact on taxes.

The Flexible Spending Account is deductible both for income tax and FICA purposes.

The Payroll Deduction -- Not FSA is deductible for income tax purposes, but not for FICA purposes.