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Since it is after December 31, 2016, a SIMPLE IRA deduction is not available to you for 2016 - this type of account needs to be established and contributed to during the tax year to which the deduction would apply.
You are able to open a SEP and contribute to it until April 18, 2017, to reduce your 2016 tax liability. You can then (at the same time, if you wish), establish a SIMPLE plan for 2017.
You should consult with your financial institution about whether they will require you to use a business account to fund the plan, or if you can use a personal account.
Since it is after December 31, 2016, a SIMPLE IRA deduction is not available to you for 2016 - this type of account needs to be established and contributed to during the tax year to which the deduction would apply.
You are able to open a SEP and contribute to it until April 18, 2017, to reduce your 2016 tax liability. You can then (at the same time, if you wish), establish a SIMPLE plan for 2017.
You should consult with your financial institution about whether they will require you to use a business account to fund the plan, or if you can use a personal account.
And just as a side note, you can't contribute 20% of your net income to the SEP - the amount is actually about 18.59%. Make sure you determine the actual maximum before you make your contribution.
https://en.wikipedia.org/wiki/SEP-IRA#Contribution_limits
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