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Thanks for your answer.So I simply subtract the federal limit $22500 from my total contribution and report that amount as additional income (to pay taxes on it)...
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I have this same problem - my excess contributions are for the 2023 tax year.My 401k fund management company redistributed my excess contributions back to me in...
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- Posted Re: Made an overcontribution to 401k on Deductions & credits. March 31, 2024 10:21 AM
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