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Excess contribution ROTH 401 do i need corrected W2
I worked for two different employers in 2024. As a result, I over contributed to my ROTH 401k. I caught this and requested a return of the funds from the 401k company and have received it. However, my employer is saying since it was a ROTH over contribution, I do not need a corrected W2. Is this true? Do I just manually adjust the amount reflected on line 12 to the corrected amount or file as is and keep documentation on hand to show the returned amount.
March 17, 2025
3:03 PM