SEP IRA Deduction question

[lmelcher]

I am an employer who has a SEP-IRA, I wants to contribute to my SEP IRA for year 2017 on my filing date on October 15, 2018. I have one employee, and my understanding is the I can contribute to the SEP IRA for 2017 on October 15, 2018 when I file my tax return. My question is, can I deduct my contribution to my employee's SEP IRA for my 2017 tax return as my business expense although I am going to contribute on the employees account on October 15, 2018?

[Lion]

You will want to discuss this with your business' tax advisor who knows what type of business you have, as well as your whole financial picture.

This is a site for tax preparers to discuss tax issues with other preparers.

[TAXNJ]

I am an employer who has a SEP-IRA, I wants to contribute to my SEP IRA for year 2017 on my filing date on October 15, 2018. I have one employee, and my understanding is the I can contribute to the SEP IRA for 2017 on October 15, 2018 when I file my tax return. My question is, can I deduct my contribution to my employee's SEP IRA for my 2017 tax return as my business expense although I am going to contribute on the employees account on October 15, 2018?

See TheTaxbook page 13-16 (and other pages for SEP IRA) that may be related to your scenario.