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Retirement tax questions
@DanaB27 Does it matter if the excess contributions are mix of Roth and Pre-Tax? I am in a similar situation and I exceeded my contributions limit in 2024 by about $6000. In 2024, I made about $5000 of Roth contributions (I assume this portion was already taxed, correct?). Does this help at all in minimizing the taxation penalties?
Thanks
‎February 15, 2025
1:59 PM