dmertz
Level 15

Retirement tax questions

Are you eligible to contribute to a SEP IRA for 2023?  If so, because you made the contribution in 2023 a portion of it can be considered to be a contribution for 2023.  You as the employer are the one who tracks the year for which the contribution was made.  SEP-IRA custodians and Forms 5498 only track the year in which the contribution was made.