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Retirement tax questions
Hello,
I have made excess contribution in the current year, and will get excess amount refunded next year. The excess contribution is made with after-tax dollars, but company match for the same is considered before tax.
1. Will I need to pay tax and/or penalty on the after-tax contribution part?
2. Will I need to pay both tax and early withdrawal penalty on the company match, which is pre-tax?
Thanks.
‎November 5, 2021
9:22 PM