I just contributed to my Vanguard Roth this afternoon, and I contributed $320 to much... what do I do?

I am not eligible to contribution to a traditional IRA.

Retirement tax questions

you'll have to contact Vanguard and tell them you want a return of excess contribution and the earnings on it. They'll tell you what form to submit.

Retirement tax questions

Thanks

Retirement tax questions

If you do it promptly your earnings may be zero.
galavizmi
New Member

Retirement tax questions

This contribution will not affect your 2018 taxes as it has been done in 2019.

Retirement tax questions

Vanguard breaks out the contributions by year... the website says I have no more to contribute for 2018 ans $7000 to contribute for 2019...  does the IRS get notified what year a contribution is for?
galavizmi
New Member

Retirement tax questions

You will be sent IRA information from Vanguard to enter for your taxes each year. Please see the IRS website regarding IRA contributions - <a rel="nofollow" target="_blank" href="https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-contributions">https://www...>.