Retirement tax questions

If you did not file yet and you did not request an extension,

it is too late to remove that additional excess via "excess plus earnings" .

The deadline was  April 15, 2025.

 

You must file 2024 Form 5329 and pay the 6% penalty and have custodian remove the new excess by distribution of exactly that amount.

any earnings on the new excess remain in the Roth IRA.

 

@Taxdog_2025