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Deductions & credits
If your spouse took the excess for 2022 before the due date of your 2022 tax return, the procedure is different.
you have to take out the earnings (she did that) and pay tax on that. In 2022 there was also a 10% penalty. she doesn't report any excess so your joint 5329 excess is still as I described it earlier.
since your income went up, you are supposed to amend your NJ return also.
For a $7 difference, I'd ignore it.
‎February 8, 2024
11:32 AM