@Trathalmador wrote:
Thanks very much for the information. I will be contacting the bank to withdraw the over amount.
If you didn't already know, you can make contributions toward the 2023 tax year up until the April 15, 2024 deadline. So if you only opened an account for your wife, and have not funded it for 2023, she can still contribute up to $3583 for 2023. If you are over on your account and have to withdraw $2916, and have not already made a 2023 contribution into your wife's account, you could put that $2916 (or more) right back into your wife's account and take a tax deduction. Just make sure to tell the bank it is a 2023 contribution, not a 2024.
