Don't return the excess contribution. Pay a penalty of 6% on the excess for 2024 only. For 2025, there is no more excess and you don't have to pay a penalty anymore
Your penalty will be 2122 * 6%.
No need to transact money. It keeps it simple.
Your penalty will be 2122 * 6%.
No need to transact money. It keeps it simple.
Statistics: Posted by ccompounder — Sun Mar 09, 2025 5:08 am — Replies 8 — Views 794
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