What happens if you over-contribute to a Roth IRA?
November 23, 2005
Subject: Roth IRA Contribution
Date: Fri, 14 Oct 2005
What happens if you contribute more to a Roth than the limitation amount?
Date: Mon, 07 Nov 2005
A non-deductible 6% excise tax is imposed on excess contributions to a Roth for each year until the excess amount plus related earnings are distributed. (Internal Revenue Code Section 4973(a).)
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