I had 2 jobs in 2024 and had already maxed out my contribution allowance to my 401k which is a Roth 401k with my previous employer.
When I started my new job in the fall, I signed up for Roth 401k withdrawals with my new employer, not thinking I should have had the withdrawals start in 2025. I caught the mistake in the first paycheck, then called Fidelity which handles the plan for the new employer about the problem. They advised me to call back after I received both my w-2's and to fill out a from to reverse the over contribution.
I have not gotten a form saying the extra has been taken out of my account and April 15th is coming up soon. What is my best option come tax day?
File on time , then file an amended return ? Or file for an extension and put in the corrected information. Also, because it went into a Roth account it's already taxed prior to contributing...so how does this affect my filing? Would it be better to just leave it in? I'm confused- there aren't a lot of questions pertaining to a Roth that was over contributed to.
