Posts  / #POST-002215
REDDIT

Who to call about MAGI limitations? Roth IRA

M
Feb 19, 2025 · 10:26

I just wrapped up my taxes and realized my MAGI is in the variable range for contributions for my Roth IRA. Unfortunately I contributed more than my allowance.

Is it too late to start a traditional IRA for 2024? Too late for rollover? Is the process for withdrawing my excess complicated?

Also notable: turbotax said "you can contribute 7k to your IRA" Which feels pretty misleading....