Why is it saying that I am excessively contributing to my Roth IRA account when my last year's contribution was only $300?

zman192 — Sat, 01 Jun 2019 20:23:22 GMT

Please be aware that your Roth IRA contribution might be...

DanaB — Sat, 01 Jun 2019 20:23:22 GMT

Please be aware that your Roth IRA contribution might be limited based on your filing status and income. Please see 2018 - Amount of Roth IRA Contributions You Can Make for 2018 for detailed information.

Excess contributions are taxed at 6% per year as long as the excess amounts remain in the IRA. The tax can’t be more than 6% of the combined value of all your IRAs as of the end of the tax year.

To avoid the excess contributions tax:

withdraw the excess contributions from your IRA by the due date of your individual income tax return (including extensions); and
withdraw any income earned on the excess contribution.

topic Why is it saying that I am excessively contributing to my Roth IRA account when my last year's contribution was only $300? in Retirement tax questions

Why is it saying that I am excessively contributing to my Roth IRA account when my last year's contribution was only $300?

Please be aware that your Roth IRA contribution might be...