If you think you’ve exceeded the annual IRA contribution limit for the 2022 tax year, you’ll need to process a recharacterization or excess contribution request.
An excess contribution is appropriate if you’re looking to remove (withdraw) the amount over the contribution limit from the account. If you think you need to file an excess contribution, click here.
A recharacterization is appropriate if you’re looking to move any contributions to a different traditional, Roth, or SEP IRA instead. If you think you need to file a recharacterization, click here.
The information provided is current as of the date of this writing and for informational purposes only. It should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment or tax advice. Please consult a tax advisor for any questions specific to your tax needs.
Article is closed for comments.