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latokar
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I am trying to file my taxes and when entering my Roth IRA contribution of $130 for 2023 it states I over contributed and will be penalized. How does this get corrected

Income is around 50,000
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1 Reply

I am trying to file my taxes and when entering my Roth IRA contribution of $130 for 2023 it states I over contributed and will be penalized. How does this get corrected

the contribution limit applies to the total of contributions to Traditional and Roth IRAs.

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