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Level 2
posted Dec 27, 2021 9:33:54 AM

when is deadline to open and fund SEP IRA to claim deduction for tax year 2021?

hoping there is more time than by end of week, but just may be able to pull it off if start today.

0 2 384
2 Replies
Level 15
Dec 27, 2021 9:41:28 AM

April 18, 2022 is the deadline for 2021 SEP and other IRA contributions. 

Level 15
Dec 27, 2021 10:07:01 AM

always wait until after Dec, to avoid an excess contribution.

 

If you use the 25% number to try to maximize, you're doing it wrong and will have an excess contribution.