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Retirement tax questions
You can recharacterize the excess contribution to a Traditional IRA. If this is done prior to the tax filing deadline (including extensions), then the 6% penalty will not apply.
The following TurboTax help article will give you more information about your options. It also includes a link to a separate article explaining how to report the recharacterization in TurboTax.
What if I made an excess Roth IRA contribution because my income is too high?
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‎April 21, 2025
5:50 AM