SEP Ira Question

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SpartanBull
Posts: 131
Joined: Fri Jun 06, 2014 12:31 am

SEP Ira Question

Post by SpartanBull »

Currently setting up a SEP Ira account for my dad. When I get to the establish funding page it offers me to input an amount for 2015, and for 2016. Is he still able to make 2015 contributions? I didnt think of that and assumed it would be far too late?
Spirit Rider
Posts: 13977
Joined: Fri Mar 02, 2007 1:39 pm

Re: SEP Ira Question

Post by Spirit Rider »

No, the latest one could possibly contribute for tax year 2015 in calendar year 2016 was your tax filing deadline including extensions. My guess is that their website is just using the current year and previous year. This would be fine in a few days, but surely is an oversight.
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