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Level 2
March 23, 2026
Question

Excess Traditional IRA Contribution

  • March 23, 2026
  • 2 replies
  • 102 views

Resolved. 

    2 replies

    Level 15
    March 23, 2026

    You contributed more than $7000, or more than $8000 if over age 50?  Remember, that you can always contribute up to that amount to a traditional IRA, even if you can't deduct it.  It would only be excess if it was more than $7000 or $8000, and the IRA custodian should not even allow it.  So I have a question about that before proceeding. 

    Level 2
    March 23, 2026

    Upon further review, no excess contribution was made. No further response needed.