I took 14,000 out of my SEP in 2018, unexpectely I had a very good year, I am 64 yrs old. Can I put 14,000 back in today and not have to pay the income tax on it?

[davidgogilvie]

I took 14,000 out of my SEP in 2018, unexpectely I had a very good year, I am 64 yrs old. Can I put 14,000 back in today  (4/13/2019) and not have to pay the income tax on it?

[Coleen3]

No, you have 60 days to return the money.

[fanfare]

you must have at least $76,503 of SE income in 2018 to contribute $14,000.

Use the " maximize my SEP contribution" command to see how much you can contribute.