Excess Roth IRA

intchang — Tue, 25 Mar 2025 18:09:57 GMT

Hello,

I’m an employee of a religious non-profit organization. In 2024, I exceeded the annual $7,000 contribution limit for my Roth IRA. I’d like to avoid the penalty. Could you please advise me on some options to do so?

Thanks

Re: Excess Roth IRA

MaryK4 — Tue, 25 Mar 2025 18:12:57 GMT

You can request to have the excess contribution returned before the due date of the tax return. See How to enter the excess contribution to IRA and removal.

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Excess Roth IRA

Re: Excess Roth IRA