Can I make contributions to my Honest Dollar SEP IRA for the 2016 tax year?
Yes, 2016 contributions to your SEP IRA may be made up until the due date of your tax return. To make a 2016 contribution, log in to your Honest Dollar account and go to the ‘Weekly Contribution’ tab. In the ‘Make a One-Time Contribution’ box, select or enter the amount of your contribution. Note there is no option to select a tax year as contributions will be shown as received in the current calendar year on IRS Form 5498. While filing your taxes, please work with your tax advisor to ensure your SEP IRA contributions are allocated to the proper tax year.