S Corp Ira's and Distributions

[wildheart]

Can I as the sole owner and employee in an LLC with S Corp taxation, put money into an IRA before year end, for myself as an employee of my own LLC, which would also lower any distribution?

[tagteam]

See https://ttlc.intuit.com/community/business-taxes/discussion/s-corp-limits-of-sep/00/3133332

[dmertz]

Although a SEP plan is the simplest, also see IRS Pub 560 for additional retirement-plan options:

https://www.irs.gov/pub/irs-pdf/p560.pdf