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I did not contribute to my SEP IRA/Traditional IRA or HSA last year in 2019. Will I be able to amend my tax return and still contribute to 2019 as S corp owner/employee?

S corp owner/employee
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1 Reply
dmertz
Level 15

I did not contribute to my SEP IRA/Traditional IRA or HSA last year in 2019. Will I be able to amend my tax return and still contribute to 2019 as S corp owner/employee?

No.  Even if your S corp requested a filing extension, the S corp's extended filing deadline of September 15 has passed, so it's too late for the S corp to make SEP contributions for the S corp's tax year ending in 2019.

 

The deadline for making regular traditional IRA or HSA contributions for 2019 was July 15, 2020.

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