Is this still accurate as of the this year (the 2024 tax season)? https://ttlc.intuit.com/community/retirement/discussion/excess-roth-ira-magi-loop/00/2576065.

[bg24u014]

Round One Example:

• Contributed: $7,000
• Maximum allowed: $5,200 (due to MAGI)
• Excess contribution: $1,800
• Earnings on the excess contribution: $200

Round Two Example:

• New income reported on 1099-R: $200
• New max allowed: $5,000 (due to new MAGI)
• New excess contribution: $200
• New earnings on the excess contribution: $10

Round Three Example:

• New income reported on 1099-R: $210
• New max allowed: $5,000 (unchanged, so the loop stops)

[DanaB27]

Yes, that discussion still applies to 2024.

Please see What happens if I made an excess Roth IRA contribution for additional information.