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Retirement tax questions
Yes, the earnings on the excess contribution can cause a new excess contribution because it changes your MAGI. Yes, you can request multiple withdrawals of excess contributions plus earnings. Or you can try to withdraw a little extra the first time to avoid the loop.
Please see What happens if I made an excess Roth IRA contribution for other options and additional information.
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March 4, 2025
4:51 AM
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