How late can I withdraw SEP overpayment for this year?

[robby123]

I did not make enough business income to contribute the maximum of $54,000. Can I withdraw the excess before taxes are due 4/17/18?

[CarolC]

Yes, you can withdraw the excess before taxes are due.  "Employees who withdraw the excess contribution (plus earnings) before the due date for their federal return, including extensions, will avoid the 6% excise tax imposed on excess SEP contributions in an IRA."

Click the IRS link below for more information.

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions