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I've had the same Roth IRA for years. Now, I see there's a tax on excess contributions. Is this because of the new regulations?
Is there a maximum amount one can contribute to one's Roth IRA? After I paid off a bill, I increased my monthly contribution. Now there is a .06% penalty for excess contributions. Worksheet 2018 and Form 5329 do not fully explain.
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‎June 6, 2019
1:14 AM