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Yes, you can make SEP IRA contributions for the previous tax year up until your business’s tax filing deadline

2024 SEP IRA Contribution Limits:

The lesser of 25% of each employee’s compensation or $69,00
Only the first $345,000 of compensation is considered when calculating contribution

Steps to Contribute for the Previous Tax Year

Step 1: Sign in to your WealthRabbit account and go to the “Contribution” section on your Dashboard.

Step 2: Click the “Contribute for the Previous Year” link.

Step 3: Choose the contribution period and click “Proceed.”

Step 4: Enter the contribution amount (applied equally to all eligible employees) and click “Save and Continue.”

Note: You must contribute the same percentage for all eligible employees, and your total must not exceed IRS limits.

Step 5: Review the summary of your contribution details and click “E-sign” to finalize the submission.

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