Yes and yes.
If the $1,500 is carried over to 2025 AND can be used in 2025 because you cut back on your contributions to allow for it, it will appear as part of line 13, Schedule 1 (1040), which will have the effect of reducing your 2025 income.
And of course, the 6% penalty will not repeat, because (if you are careful) there will not be an excess in 2025 to carryover to 2026.
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