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Retirement tax questions
That paragraph only addresses a contribution returned before the due date of the tax return, the contribution made for 2024 in this case. Excess contribution distributed after the due date of the tax return for the year for which the contribution was made is not corrected until the year of the distribution, in this case 2025 for the 2021, 2022 and 2023 excess contributions.
May 28, 2025
7:03 AM