can you contribute to sep for 2019 in 2020

a. Does a sep-ira have to be established in 2019 in order to fund prior to april 15th of 2020?

b. can you establish a sep ira in 2020 prior to april 15th, 2020 and contribute for 2019?

Thank you,
douglas



No, it can be established as late as the due date plus extensions. Many small business owners file an extension so they can open the SEP for 2019 as late as 10/15/2020. Starting for the 2020 plan year, this expanded deadline will apply to other employer funded plans, such as solo 401ks.

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