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REDDIT

Roth IRA non contribution penalty?

Y
Apr 14, 2025 · 15:18

I filed my taxes and claimed that I was going to add money to my Roth IRA. Since then, I have been laid off and do not necessarily want to move money into my Roth IRA.

Does anyone know what the penalty/repercussions are if I don’t move the money?

Is that an amended return for next year?