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Retirement tax questions
To recap, your husband is able to apply the full excess contribution as a 2021 contribution but when you are are applying the excess contribution to 2021 your get another penalty message because of excess contribution?
It might be that your 2021 Roth contribution was limited because of your 2021 Modified Adjusted Gross Income (MAGI). Please see 2021 - Amount of Roth IRA Contributions You Can Make for 2021.
Another option might be that you didn't have enough taxable compensation (earned income like wages, self-employment income) to make the contribution.
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‎April 6, 2022
11:42 AM