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Hesoukieh
New Member

Excess 403b contributions from one employe

I found out that my previous employer didn’t limit the contribution to my 403b plan which resulted in excess contribution of $4000

i left that employer in February 28 , 2025 and I am currently self employed 

I moved all the balance in my 403b account to my own SEP account with fidelity 

I haven’t filed taxed for 2025 yet

how to correct this excess and how to report it in TurboTax 

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2 Replies

Excess 403b contributions from one employe

@Hesoukieh 

 

I don't have an answer...but you need to be clear and post which year the overcontribution occurred in.

 

1)  Was the overcontribution in 2024 or 2025?   (seems difficult for it to be for 2025, though maybe not impossible).

2)  No one can file 2025 taxes yet.   So, did you file 2024 taxes yet?  if the overcontribution was  actually in 2024, then that tax year may be affected, not 2025.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Excess 403b contributions from one employe

Followup:

More information provided by OP in a re-stated new Question at:

 

Excess contribution to 403b plan

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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