Your husband can elect to contribute up to 25% of his W-2 wages to a maximum of $58,000 for 2021 and this is reported on his W-2 if the plan is written to be funded by a salary reduction arrangement. If there is no arrangement, the contribution qualifies for the limitations for the IRA deduction on your personal tax return.
The contribution needs to be funded to the SEP-IRA before the filing deadline for the 1120S (including extensions).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
