- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Talk to the current employer and get the excess contribution reversed ASAP. If you do not have this corrected before 4/15/23 you cannot get it corrected at all so you will pay taxes on the same money twice and there is no way around it.
https://www.fool.com/retirement/plans/401k/over-contribution/
If you already got your last paycheck for 2022 then it is possible this contribution will be reported on the 2023 tax year ... talk to the employer monday.
‎December 16, 2022
5:26 PM