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Excess 401k Contribution in 2024
I changed jobs in 2024 and continued to add to my 401k, which put me over by $9104. I moved my old 401k to Edward Jones in 2025. They returned the $9104 plus additional $154.62 (earnings). However, since this was done in 2025 I will not get a 1099-R until next year for my 2026 return. My 2024 W-2 reflects the $9104 as contribution. Can I ignore this and wait until next year to do a 2024 Amended return and pay the taxes at that point? What are my options?
‎April 9, 2025
9:12 AM