Posted by: GeetMaiJawaafDiu? April 13, 2022
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In your current tax/income situation,
if you file the taxes with status "Married Filing Separately"
AND
an AGI falls below $144,000, then that account qualifies for roth-conribution allowed for 2021. (Contribution made after Tax Day is applied toward roth-limit for 2022.)
If one has contributed to Roth without qualifying, then a 6% annual penalty of the excess-amount will be assessed.
For more details, see this
https://www.thebalance.com/what-to-do-if-you-contributed-too-much-to-your-roth-ira-3192888
Does this help?
Last edited: 13-Apr-22 12:17 PM