ASBB2024
Returning Member

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