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Tax law changes
If you did not remove the over contribution in 2022 it will carry over to 2023, and again to 2024.
Correcting it in the program will require one of these salutations to be completed.
You can correct this in two ways:
- The first is to remove the excess funds before the tax deadline in the same year they were made.
- It seems too late for this one.
- The second is to apply your excess contributions towards next year's annual contribution.
Please see Publication 969 referring to: Excess Contributions
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‎January 31, 2024
9:11 AM
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